Monica Derner CPA PC

$0.725 business mileage rate for 2026

IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents | Internal Revenue Service IR-2025-128, Dec. 29, 2025 — The Internal Revenue Service today announced that the optional standard mileage rate for business use of automobiles will increase by 2.5 cents in 2026.

Due to skyrocketing inflation rates, California’s minimum wage for all employers will likely rise to $15.50 an hour starting Jan. 1, Gov. Gavin Newsom’s administration said Thursday.

California minimum wage to jump faster than expected High inflation is triggering an increase in the California minimum wage, while a measure to boost it even more appears headed to the ballot.

Tax filing starts on February 12th

IR-2021-16: 2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic WASHINGTON ― The Internal Revenue Service announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.