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  2. 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 ...

  3. Mileage reimbursement for businesses: What you need to know - AOL

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

    Ramp takes a closer look at mileage reimbursement and explains why it's important and when it does or does not make sense.

  4. Tax Tips: Standard mileage rate deduction skyrockets - AOL

    www.aol.com/2008/06/24/tax-tips-standard-mileage...

    Starting July 1, 2008, the standard mileage rate for business miles is being increased to 58.5 cents per mile. The rate is currently at 50.5 cents per mile. Over the years, the IRS has somewhat ...

  5. Employer transportation benefits in the United States

    en.wikipedia.org/wiki/Employer_transportation...

    An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.

  6. 10 Best States for Mileage Deductions - AOL

    www.aol.com/finance/10-best-states-mileage...

    The only relief for the rest of America is the federal mileage deduction, ... Despite a lower sales tax rate, Vermont residents pay a little more than Ohioans to own their cars -- $21,737 over ...

  7. Itemized deduction - Wikipedia

    en.wikipedia.org/wiki/Itemized_deduction

    For example, an annual membership fee for a professional association paid in December 2009 for the year 2010 is deductible in the year 2009. The United States has a comparatively large and complicated number of deductions owing to policymakers' preference to pass policy through the tax code.

  8. 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 ...

  9. Mileage - Wikipedia

    en.wikipedia.org/wiki/Mileage

    Business mileage reimbursement rate, an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction;