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This week in fleet: 2026 mileage rate update, wildfire impacts on ops, workforce training pivots, and quick hits on parts and data.
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IRS boosts the 2026 business mileage rate to 72.5 cents per mile, up 2.5 cents. Here’s what it means for fleets and reimbursements.
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The Internal Revenue Service’s business mileage rate standard increased from 67 cents to 70 cents on Jan 1, 2025. The change is related to the increased cost of buying and owning a car. However, overall fuel prices were lower in 2024 than in 2023.
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Budgeting for fleet vehicles is more pronounced than ever. Here is how to navigate IRS mileage reimbursement for fleet management.
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To set next year's rate, the IRS was guided by moderating fuel prices against increases in vehicle acquisition costs and lower residual values.
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Vehicle ownership and operating cost analyses reveal inflation, fuel prices, and acquisition costs underpin new mileage rate.
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The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating a vehicle.
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The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
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The business mileage reimbursement rate for 2019 increased 3.5 cents to 58 cents on Jan. 1 after two years of minimal change, the Internal Revenue Service announced late last year.
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The Internal Revenue Service has increased the business mileage reimbursement rate to 54.5 cents from 53.5 cents for 2018. The new rate will go into effect on Jan. 1.
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