Rising IRS Mileage Rates: Your Reimbursement Practices May Need a Tune-Up
The Internal Revenue Service (IRS) has raised the optional standard mileage rate for business use of an automobile for the second half of 2026. Effective July 1, the business mileage rate increased from 72.5 cents per mile to 76 cents per mile. Employers that use the IRS rate for employees’ mileage reimbursement should adjust their […]
