Does the IRS mileage rate cover a 2023 Chevrolet Silverado 1500?
IRS rate vs your cost
No.
- IRS rate
- 76 cents
- July to December 2026
- Your car
- 81 cents
- All in
- Paid
- $7,600
- 10,000 business miles
- Cost
- $8,102
- Behind
- $502
2WD Reg Cab 126" Work Truck, 12,000 miles a year, 5 years.
Change the cost
10,000 business miles. IRS rate 76 cents (July to December 2026). Your cost starts at the all-in cost of this car.
| Item | 10,000 miles | A month |
|---|---|---|
| Paid at the IRS rate | $7,600 | $633 |
| Your cost | $8,102 | $675 |
| Difference | -$502 | -$42 |
| Item | Cents a mile | 10,000 miles | A month |
|---|---|---|---|
| IRS rate | 76 | $7,600 | $633 |
| Fuel only | 21.8 | $2,175 | $181 |
| Rate minus fuel | +54.3 | +$5,425 | +$452 |
What this cannot tell you
Not tax advice. Rules differ for employers and the self-employed.
- Two or more sources agree
- One source
- Model-level or estimate
- Sources differ
Sources: EPA ratings. EIA gas price. AAA, Your Driving Costs 2026. KBB used values.
IRS rate: IRS standard mileage rates, July 1 to December 31, 2026.