IRS Raises Standard Mileage Rate for 2026 - SHRM The IRS will raise the business standard mileage rate to 72 5 cents per mile in 2026 Find out how this change affects tax-free reimbursements for employees
IRS Raises Standard Mileage Rate for Final Half of 2022 - SHRM Due to soaring gas prices, the IRS announced a rare midyear increase in the standard mileage rate for the final six months of 2022—to 62 5 cents per mile—for employees who use their own
IRS Boosts Mileage Rate for 2024 - SHRM The IRS is raising the business standard reimbursement rate per mile to 67 cents, up from 65 5 cents for 2023, beginning Jan 1
IRS Raises Standard Mileage Rate for 2022 - SHRM The standard mileage rate that businesses use to pay tax-free reimbursements to employees who drive their own cars for business will be 58 5 cents per mile in 2022, up 2 5 cents from 2021, the IRS
IRS Boosts Standard Mileage Rate for 2023 - SHRM The IRS has announced that the 2023 business standard mileage rate is increasing to 65 5 cents, up 3 cents from the 2022 midyear adjustment of 62 5 cents The change took effect Jan 1
IRS Lowers Standard Mileage Rate for 2021 - SHRM Effective Jan 1, for 2021 the IRS decreased to 56 cents per mile—down 1 5 cents—the standard rate that many employers use to reimburse employees who drive their own cars or trucks for
IRS Lowers Standard Mileage Rate for 2020 - SHRM Effective Jan 1, the IRS decreased to 57 5 cents per mile—down one-half cent—the standard rate that many employers use to reimburse employees who drive their own cars or trucks for business
IRS Boosts Commuter Benefit Limits for 2026 - SHRM The IRS is raising pretax commuter benefit limits to $340 per month for parking and transit in 2026, offering HR new opportunities for employee support