Business mileage reimbursement rate: Latest News, Top Stories & Analysis

IRS Mileage Rates Shift for 2026 as New Car Loan Tax Break Takes Shape

January 3, 2026January 3, 2026 - by Maryann Pugh

WASHINGTON, D.C. — The Internal Revenue Service is reshaping how millions of Americans calculate driving-related tax deductions in 2026, raising the standard mileage rate for business travel while trimming rates …

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IRS Announces 2025 Mileage Rates, Highlights Changes for Business Use

December 24, 2024December 23, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced updated optional standard mileage rates for 2025, affecting taxpayers using automobiles for business, medical, moving, and charitable purposes. The most …