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  2. 20 valuable small-business tax deductions - AOL

    www.aol.com/finance/20-valuable-small-business...

    Learn more about the small business tax deductions that may be available to you. ... For 2023 taxes, you can deduct 65.5 cents per mile. For 2024 taxes, you can deduct 67 cents per mile. ...

  3. The Best Tax Deductions and Tax Breaks for 2024-2025 - AOL

    www.aol.com/most-americans-think-taking-entitled...

    Any expenses that are considered extravagant or lavish don’t qualify for the business travel expenses deduction. Self-employed individuals claim these expenses on Schedule C (Form 1040 ...

  4. Tax Season 2024: 5 Changes That Small Business Owners ... - AOL

    www.aol.com/tax-season-2024-5-changes-150025033.html

    The SECURE Act 2.0 introduced several new retirement-related tax changes, one of them being an increased tax credit for small businesses that offer retirement plans.

  5. IRS releases 2024 tax brackets. See how it affects you and ...

    www.aol.com/irs-releases-2024-tax-brackets...

    For married individuals in 2024, the tax brackets will differ as follows: Income up to $23,200 will be taxed at a rate of 10% of the taxable income. 12% for incomes over $23,200

  6. Business mileage reimbursement rate - Wikipedia

    en.wikipedia.org/wiki/Business_mileage...

    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 ...

  7. Taxes 2024: IRS Increases Tax Deductions $1,500 To ... - AOL

    www.aol.com/finance/taxes-2024-irs-increases-tax...

    Tax Deductions For the 2024 Tax Year The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023.

  8. IRS announces new tax brackets for 2024. What does that mean ...

    www.aol.com/irs-announces-tax-brackets-2024...

    The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year. The standard deduction for single taxpayers will be ...

  9. IRS mileage rate for business goes up by 1.5 cents for 2024 - AOL

    www.aol.com/irs-mileage-rate-business-goes...

    The IRS bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. The new rate kicks in beginning Jan. 1 and it would apply to 2024 tax returns ...

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