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July 13, 2026

IRS Increases 2026 Standard Mileage Rates Effective July 1, 2026

In recognition of recent gasoline prices, the Internal Revenue Service (IRS) has made a special adjustment to the standard mileage rates for the period of July 1, 2026 through December 31, 2026. Beginning July 1, 2026, the standard mileage rate for the use of a car (also vans, pickups, or panel trucks) will be:

                                                   July 1, 2026 - December 31, 2026                                                                     January 1, 2026 - June 30, 2026                                         
Business miles driven 75 cents/mile 72.5 cents/mile
Medical or moving purposes 23.5 cents/mile 20.5 cents/mile
Miles driven in service of charitable organizations 14 cents/mile 14 cents/mile

For more information, please consult the Business and Travel Expense (BTE) Policy, which applies to all university business and travel expenses. The BTE Policy applies to individuals who incur expenses in the course of traveling and/or conducting business for the university and those that prepare or approve business and/or travel purchases.