IRS changes mileage rates mid-year

Date:

good morning! I’m Daniel de Visé from Daily Money.

Drivers may not know it yet, but the Inland Revenue has introduced a new higher mileage rate from July 1, Susan Tompol reports.

After some tough times in the first half of 2026, the IRS took the unusual step of starting a new standard mileage rate in the second half of the year.

Can President Trump put his face on the $1 coin?

The U.S. Mint will begin pressing $1 gold coins featuring President Donald Trump’s face amid questions surrounding the currency’s legality, Carissa Wadick reports.

Trump loves putting his name and face on things. But critics of the new coin say it could violate federal law.

Will the Australian Retirement System replace Social Security?

President Trump said his administration was considering “very seriously” Australia’s retirement system, which requires workers to participate in savings programs similar to 401(k)s.

What does that mean for the future of our own 401(k)s and what will happen to Social Security?

📰 Other stories you can’t miss 📰

Daniel de Visse covers personal finance for USA TODAY. Daily Money breaks down complex consumer and financial news. Subscribe here.

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