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  2. 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 ...

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

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

    Keep current on what the current IRS mileage reimbursement rate is, what it does and does not cover and any recent changes for the year. When in doubt, use a mileage calculator to cross reference ...

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

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

    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 ...

  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. Motus, LLC - Wikipedia

    en.wikipedia.org/wiki/Motus,_LLC

    This includes mileage reimbursement, BYO programs, Managed Mobility Services and living cost intelligence. [ 3 ] Motus supplies the Internal Revenue Service (IRS) with data on business vehicle use to inform the business mileage reimbursement rate.

  8. Taxes 2024: IRS Increases Mileage Standard Deduction Rates by ...

    www.aol.com/taxes-2024-irs-increases-mileage...

    The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile, up 1.5 ...

  9. Travel and subsistence - Wikipedia

    en.wikipedia.org/wiki/Travel_and_subsistence

    These reimbursements often have tax and related implications, and vary depending on the country of the business. [2] [3] An organization may refund or reimburse these costs on the basis of an itemized list, or may conclude that cost of doing so is disproportionately high and instead pay a per diem ("per day") allowance. This provides a budget ...