irs Archives - Mileage Trakker https://mileagetrakker.com/tag/irs/ Tue, 28 Jul 2026 23:22:39 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 https://i0.wp.com/mileagetrakker.com/wp-content/uploads/2026/01/cropped-Icon-for-Miletrakker-512.png?fit=32%2C32&ssl=1 irs Archives - Mileage Trakker https://mileagetrakker.com/tag/irs/ 32 32 235580364 Mid-Year IRS Mileage Rate Increase! https://mileagetrakker.com/mid-year-irs-mileage-rate-increase/?utm_source=rss&utm_medium=rss&utm_campaign=mid-year-irs-mileage-rate-increase https://mileagetrakker.com/mid-year-irs-mileage-rate-increase/#respond Tue, 28 Jul 2026 23:22:28 +0000 https://mileagetrakker.com/?p=13330 Good news for all our US Trakkers! As of July 1st, 2026, the IRS has raised the standard mileage rate to 76 cents/mi from 72 cents/mi! So, for the rest of the year you will be getting an additional 4 cents/mi. Last year the rate was 70 cents/mile, so now that is an additional 6...

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]]> Good news for all our US Trakkers!

As of July 1st, 2026, the IRS has raised the standard mileage rate to 76 cents/mi from 72 cents/mi! So, for the rest of the year you will be getting an additional 4 cents/mi.

Last year the rate was 70 cents/mile, so now that is an additional 6 cents/mi this year!

Also, the medical mileage rate has increased from 20.5 cents/mi to 23.5 cents/mile.

We know this is to offset the continual increase in the cost of gas at the pump, but rejoice because, as business owners you get to recover a percentage of your vehicle expenses through your mileage deduction which the average citizen or employee cannot do.

As always, we at Mileage Trakker keep trakk of these changes and will be making sure your mileage reports from July onwards reflect this new rate. Here’s to more Tax-Free money in your pocket from your driven mileage!

The Mileage Trakker Team

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]]> https://mileagetrakker.com/mid-year-irs-mileage-rate-increase/feed/ 0 13330 Santa’s Mileage Report — Another Successful Trip for Santa https://mileagetrakker.com/santas-mileage-report-another-successful-trip-for-santa/?utm_source=rss&utm_medium=rss&utm_campaign=santas-mileage-report-another-successful-trip-for-santa Wed, 07 Jan 2026 18:24:30 +0000 https://mileagetrakker.com/?p=13286 After a well-deserved day of rest, we heard from Santa today.  Another year is in the bag and Santa’s Bag is empty!  Plus, thanks to Mileage Trakker another successful delivery trakked!  This year the weather was a mixed bag. The UK weather was cold, but uneventful,  China was bitterly cold in the Northern part—Santa felt...

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After a well-deserved day of rest, we heard from Santa today.  Another year is in the bag and Santa’s Bag is empty!  Plus, thanks to Mileage Trakker another successful delivery trakked!  This year the weather was a mixed bag. The UK weather was cold, but uneventful,  China was bitterly cold in the Northern part—Santa felt he was back at the North Pole.  Australia was wetter than Santa had hoped, so he didn’t get that summer warmth break when he got there. The US had some very brutal winter weather from flooding in California to ice in the North East.  Plus, he had to watch out for planes more than he has had to do before b/c of all the recent crashes.  Unfortunately, some areas were too dangerous for Santa to enter due to countries engaged in wars.  He is holding onto those gifts and, is hoping he can deliver soon to those areas.  If he can make a 2nd delivery trip, his mileage will be even more and that extra mileage money will make it possible to do the 2nd trip.  I mean have you seen that reimbursement rate? 6,904,587 kms =(5,000*.72)+(6,899,587*.66)= $4,557,327!  That sure helps keep the North Pole going!

For all our clients, your mileage deductions/reimbursements are going to look great this year too!  Just think of the tax savings you achieved.  The official rates for 2026 have not be announced yet…. So stay tuned!  Hopefully, they will be even more than this year.

For those of you who got to celebrate Christmas with family and friends, we hope you had a wonderful time and created lots of good memories.  For those who had to start new traditions this year, we also hope you did things that brought you joy. 

Merry Christmas from Mileage Trakker to you!  Every year we are reminded what a blessing you are to us! 


Safe travels always


Sandra, Michelle & The Mileage Trakker Team

706-266-0637/416-984-4525

Http://mileagetrakker.com

“Turning Business Miles Into Tax-Free Money”

Instagram: MileageTrakker

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