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TC business taxes · standard mileage rateIRS mileage rate 2026: 72.5 cents, then 76 cents from July 1

The IRS changed the business standard mileage rate in the middle of 2026. Business miles driven from January 1 to June 30, 2026 use 72.5 cents a mile (IR-2025-128); miles driven from July 1 to December 31, 2026 use 76 cents a mile (IR-2026-29). The charity rate stayed at 14 cents; the medical and military moving rate went from 20.5 to 23.5 cents. For 2025 the business rate was 70 cents. Because two rates apply in one year, each trip is valued at the rate in effect on the day it was driven – a TC who drives to closings, inspections and title offices should log the date, miles and business purpose of every trip.

Standard mileage rates (irs.gov)

  1. Jan 1–Jun 30, 2026

    Business 72.5¢ · charity 14¢ · medical/military moving 20.5¢ (IR-2025-128).

  2. Jul 1–Dec 31, 2026

    Business 76¢ · charity 14¢ · medical/military moving 23.5¢ (IR-2026-29).

  3. 2025

    Business 70¢ · charity 14¢ · medical/military moving 21¢ (IR-2024-312).

Example: one TC, two rates

  1. May 2026

    1,000 business miles

    1,000 × $0.725 = $725.

  2. September 2026

    1,000 business miles

    1,000 × $0.76 = $760.

  3. Year total

    2,000 miles

    $1,485 – not 2,000 × one rate.

What to write down for each trip

  • The date – it decides which 2026 rate applies.
  • Business miles driven (start and end, or the route).
  • The business purpose and destination: closing, inspection, title office, appraisal access.

Questions TCs ask

What is the IRS mileage rate for 2026?

72.5 cents a mile for business miles driven January 1–June 30, 2026, and 76 cents from July 1–December 31, 2026 (irs.gov, IR-2025-128 and IR-2026-29).

Which rate do I use for a trip in July 2026?

76 cents a mile – the rate in effect from July 1, 2026.

What was the mileage rate for 2025?

70 cents a mile for business use (IR-2024-312).

Related guides

ClosingCode's mileage log values each trip at the IRS rate of the day it was driven – 72.5¢ before July 1, 2026 and 76¢ after – and ties it to the deal.

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Source: irs.gov "Standard mileage rates" (page updated July 28, 2026; read October 25, 2026), citing IR-2026-29, IR-2025-128 and IR-2024-312.

General information, not tax advice. ClosingCode is software; it is not a tax preparer or CPA. Your own situation and state taxes can change the answer. This guide is not a substitute for the advice or services of an attorney.