Mileage Reimbursement Update

The IRS recently increased the standard mileage reimbursement rate from $0.725 to $0.76 per mile, effective July 1 through December 31, 2026. If you have traveled on or after July 1, 2026, and your mileage was already reimbursed at the previous rate, you may be eligible for a supplemental reimbursement. You can submit a new expense report for the difference in Expensify. Mileage incurred on or after July will be reimbursed at the updated rate.  ⛽

For more information regarding the midyear change, you may visit this IRS webpage

Questions? Contact Katie Stefano at kstefano@texasrealtors.com 🚗