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Multiple that number by the $0.655 standard mileage rate for business. 500 business miles multiplied by $0.655 is $327.50 ... Calculate your mileage reimbursement: Do this using a mileage ...
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 Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 cents for the optional mileage rate for automobiles driven for business ...
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 ...
Fuel economy in automobiles, typically in miles per gallon (mpg) (US) Business mileage reimbursement rate, an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction
The miles driven are thus unlinked from other personal data to insure anonymity. The Puget Sound Regional Council encountered similar privacy concerns as a result of its 2002 road tolling demand response study, which monitored participants' mileage on certain types of roadways in a similar manner as the above VMT pilot programs. [37]
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