The IRS standard mileage rate for business use increases to 72.5 cents per mile in 2026, up from 70 cents in 2025. The rate is used to deduct the cost of operating a vehicle for business instead of tracking actual expenses.
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IRS standard mileage rate rises to 72.5 cents per mile for 2026
Why this matters for founders
If you drive for the business, log miles from Jan 1 to claim 72.5 cents each, and compare the standard-rate deduction against your actual costs to pick the larger one.
Source: Xero
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