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

   www.aol.com/mileage-reimbursement-rate-2023...

   The IRS mileage reimbursement rate is a deduction you can take for using a vehicle for qualifying purposes. Find out if you qualify. ... Claim the deduction as a business expense on Schedule C (if ...

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

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

   The IRS standard mileage rate is a key benchmark used by the federal government and many businesses to reimburse employees for out-of-pocket expenses. IRS mileage rate for business goes up by 1.5 ...

4. IRS mileage rate for business goes up to 70 cents a ... - AOL

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

   The IRS rate reflects the cost to fill up your tank, as well as other expenses associated with driving for business. The IRS notes: "The standard mileage rate for business use is based on an ...

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. Internal Revenue Code section 162 (a) - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Section 162(a) of the Internal Revenue Code (26 U.S.C. § 162(a)), is part of United States taxation law.It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1]

7. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   334 Business expenses: Tax Guide for Small Business; 463 Travel and entertainment deductions; 501 Exemptions and standard deduction; 529 Miscellaneous deductions; 565 Business Expenses; 936 Home mortgage interest; 946 Depreciation; A few relevant forms (also see related instructions) Form 1040 (individual tax return), Schedules C (business) and ...