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Higher IRS Mileage Rates Take Effect

Photo by VictorCarillo from Freerange Stock

Due to rising fuel costs, the IRS has increased the 2026 cents-per-mile rates for calculating certain vehicle deductions. Effective July 1, 2026, the standard mileage rate for the business use of a car, SUV, van, pickup truck or panel truck is…

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IRS Mileage Rate tax credit
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