Exactly what your mileage log must include in 2026 under IRS Publication 463 – the 5 required fields, the contemporaneous rule, and mistakes to avoid.

Source: IRS Notice IR-2025-128, December 29, 2025 | Effective: January 1, 2026 | Updated: June 2026 The IRS set the 2026 standard business mileage rate at 72.5 cents per mile — the highest it has ever been. That is up 2.5 cents from the 2025 rate of 70 cents. If you drive for work and track your miles, every 1,000 business miles…

Published: June 2026 | Reading time: 6 min | Category: Tax Tips, How-To You tracked your miles all year. Now it’s time to turn that data into something the IRS — or your accountant — can actually use. Exporting a mileage report sounds like a five-minute task. And it is, if you know what format you need, what fields must…

Published: June 2026 | Reading time: 8 min | Category: Tax Tips, Self-Employed IRS rate 2026: 72.5¢ per mile | Updated: June 2026 The IRS standard mileage rate for 2026 is 72.5 cents per mile. That means every business mile you drive and fail to record costs you 72.5 cents in deductions — and if you are in the 22% tax bracket, that…

When employees use personal vehicles for work-related purposes, businesses often provide compensation in the form of mileage reimbursement. This system ensures that employees are fairly compensated for their out-of-pocket expenses, such as fuel, maintenance, and insurance, incurred during work-related travel. Mileage reimbursement is regulated in the United States by the Internal Revenue Service (IRS), which…

Updated: June, 2022 Due to the recent surge in gasoline prices, the internal revenue service (IRS) has announced a rare midyear increase in the standard mileage rates. Usually, these updates happen once a year and are expected to be used optionally by taxpayers throughout the four seasons before a new change. New IRS Mileage Rates For…