IRS announces higher mileage rate for business travel starting January 1

WEST MONROE, La. (KTVE/KARD) - Drivers who use their personal vehicles for work will see a slight boost in tax deductions starting January 1. The Internal Revenue Service (IRS) has announced new standard mileage rates for 2026, reflecting inflation and updated cost data. The business mileage rate will rise by 2.5 cents, bringing the deduction [...]