EPISODE · Jul 14, 2026 · 5 MIN
IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase
from deepdive. · host CountingWorks PRO Marketing Team
With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use instead of keeping a record of actual expenses. Sure enough, the IRS recently announced a 3.5-cent increase in the optional mileage rate for business-use vehicles and a 3 cent increase for medical and moving expenses, effective for the last half of 2026.
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