Wiley Harrison

The IRS has updated the standard mileage rates for 2026, reflecting changes in costs and usage trends. These rates are used to calculate deductible expenses for business, medical, moving, and charitable purposes.

Start the year off right! Review your tax withholding and make any necessary updates. New hires and employees making changes should use the 2026 W-4 form.

If you paid $600 or more during the 2025 calendar year to individuals, independent contractors, or non-corporations for services, you are required to issue a Form 1099-NEC (Nonemployee Compensation).