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For example, based on Virginia’s requirements, each person in the other vehicle is entitled to $30,000 in reimbursement for medical costs, with the total medical payout not to exceed $60,000.
If you are unable to do so, you may receive a penalty for driving without insurance in Virginia. The average cost of car insurance in Virginia is $657 annually for minimum liability coverage and ...
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.
Driving can be more than just a part of your daily routine — it can also give you a deduction on your tax return. ... you must either lease or own the vehicle used to drive for business purposes ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
The Virginia Department of Motor Vehicles (Virginia DMV) serves a customer base of approximately 423,000 ID card holders and 6.2 million licensed drivers with over 7.8 million registered vehicles in Virginia. Virginia DMV has more daily face-to-face contact with Virginia's citizens than any other state agency.
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 ...
Your insurance rates reflect every driver's behavior with your car, not just your own careful driving habits. Be selective about who drives your car, and make sure regular drivers in your ...