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On Dec. 29, the agency announced a bump in the optional standard mileage rate starting Jan. 1, 2023 — which will now be 65.5 cents per mile driven. Taxpayers can use the new rate to calculate ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
The IRS mileage reimbursement rate is a deduction you can take for using a vehicle for qualifying purposes. Find out if you qualify. ... 1.5 cent from 65.5 cents per mile in 2023. Military moving ...
The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023. On average, as of April 2019 [update] , state and local taxes and fees add 34.24 cents to gasoline and 35.89 cents to diesel, for a total US volume-weighted average fuel tax of 52.64 cents per gallon for gas ...
The 6.6L Duramax diesel engine (VIN code "L") is used on 2010 interim and 2011 Chevrolet Express and GMC Savana vans and 2011 Chevrolet Silverado/GMC Sierra HD trucks with RPO ZW9 (chassis cabs or trucks with pickup box delete). The LGH engine is rated at 335 bhp (250 kW) at 3,100 rpm and 685 lb⋅ft (929 N⋅m) at 1,600 rpm.
For 2006, the Express and Savana were once again offered with a diesel engine option, adopting a detuned version of the 6.6 L Duramax V8 (LGH) from the Chevrolet Kodiak and GMC TopKick. For 2007, the 5.3 L V8 was available with flex-fuel (E85) capability; this was made standard in 2008.
The Duramax I6 engine is a diesel engine available in select models of General Motors light-duty trucks and SUVs.Applications include the Chevrolet Silverado/GMC Sierra 1500, Chevrolet Suburban/GMC Yukon XL, Chevrolet Tahoe/GMC Yukon, and Cadillac Escalade (both short wheelbase and ESV).
Denali is a nameplate used by GMC for its highest trim level on its vehicles. Vehicles with the Denali trim option carry list prices up to 47% higher than base models. Prices range from $38,600 for GMC Terrain to $109,410 for a top-of-the-line Yukon XL Denali Ultimate (as of 2023).