2026 Updated Optional Standard Mileage Rates

July 21, 2026

Standard mileage rate for the use of a car (also vans, pickups or panel trucks) was updated effective on July 1, 2026 as the table below.

Businesses may deduct vehicle mileage used for business purposes by applying the standard mileage rate to the total number of business miles driven, an option available to both companies and self‑employed individuals.

The use of standard mileage rate has the advantage that taxpayers do not need to keep records of actual vehicle expenses. However, even with the standard mileage rate, it is necessary to record details such as the date, location, mileage, and purpose.