The IRS has announced a rare mid-year increase to the standard mileage rates for 2026. Beginning July 1, 2026, the business standard mileage rate increases from 72.5 cents to 76 cents per mile. The rates for eligible medical and moving travel also increase, while the charitable mileage rate remains unchanged. The IRS says the adjustment reflects recent increases in fuel prices. Because the change took effect halfway through the year, taxpayers and businesses will need to use two different mileage rates when calculating eligible 2026 travel. Table of Contents Updated

You’re wondering if there’s a maximum mileage deduction the IRS allows, the straightforward answer is no. There’s no maximum mileage limit for the IRS standard mileage deduction. You can deduct an unlimited number of business, medical, moving (if you’re qualified military or intelligence personnel), or charitable miles. However, this relies on one critical factor: you must keep accurate records, like a detailed mileage log. Table of Contents Unpacking the Unlimited Mileage Deduction Many people mistakenly believe the IRS caps mileage deductions. This simply isn’t true. The IRS doesn’t set a