IRS Announces 2026 Tax Breaks for Work-Related Expenses

The IRS has announced new tax rules for 2026.

People who use their cars for work will get a bigger tax break, with the mileage rate increasing to 72.5 cents per mile.

This is good news for self-employed workers, gig workers, and small business owners who drive a lot for their jobs.

The rate for medical travel will decrease slightly to 20.5 cents per mile.

The rate for charitable driving stays the same at 14 cents per mile.

The IRS also said that the standard deduction will go up for most taxpayers.

Individual filers will get $15,750, and married couples filing together will get $31,500.

Seniors aged 65 and older can deduct an extra $6,000.

The IRS is encouraging everyone to prepare early for the next tax season.