Effective January 1, 2026, the Internal Revenue Service (IRS) has announced updated standard mileage rates. Business Rate: 72.5 cents per mile (an increase of 2.5 cents from the 2025 rate of 70 cents per mile)
This new rate applies to all business-related travel. Both Workday and our TravelWise website have been updated to reflect the new mileage rate, ensuring accurate reimbursement and compliance.