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  2. Write off your mileage? The IRS expands the deduction for ...

    www.aol.com/finance/write-off-mileage-irs...

    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 ...

  3. Mileage Reimbursement Rate for 2025: What To Expect - AOL

    www.aol.com/finance/mileage-reimbursement-rate...

    It’s meant to simplify how taxpayers — businesses and individuals — calculate their deductible mileage costs. IRS Standard Mileage Rates for 2024 In December 2023, the IRS announced the ...

  4. Economics of car use - Wikipedia

    en.wikipedia.org/wiki/Economics_of_car_use

    A study attempted to quantify the costs of cars (i.e. of car-use and related decisions and activity such as production and transport/infrastructure policy) in conventional currency, finding that the total lifetime cost of cars in Germany is between 0.6 and 1.0 million euros with the share of this cost born by society being between 41% (€4674 ...

  5. 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 ...

  6. Miles per gallon gasoline equivalent - Wikipedia

    en.wikipedia.org/wiki/Miles_per_gallon_gasoline...

    Comparison of fuel economy expressed in MPGe for hydrogen fuel cell vehicles . available for sale or lease in California and rated by the U.S. Environmental Protection Agency as of September 2021 [86] Vehicle Model year Combined . fuel economy City . fuel economy Highway. fuel economy Range Annual. fuel cost Hyundai Nexo: 2019–2021 61 mpg-e ...

  7. Real-world mileage standard for new vehicles rising to 38 mpg ...

    www.aol.com/news/real-world-mileage-standard...

    New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by ...

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