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2. Taxes 2024: IRS Increases Mileage Standard Deduction ... - AOL

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

   The change will go into effect for the 2024 tax year on taxes filed in 2025. ... For drivers on the low-end of that range, they could deduct $53,600 in mileage for 2024, versus $52,400 in 2023 ...

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 bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. The new rate kicks in beginning Jan. 1 and it would apply to 2024 tax returns ...

4. Is Car Loan Interest Tax Deductible? - AOL

   www.aol.com/car-loan-interest-tax-deductible...

   The standard mileage rate: This method allows you to deduct a set rate per mile driven for business. For the 2024 tax year, it’s 67 cents per mile. For the 2024 tax year, it’s 67 cents per mile.

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

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

   Taxpayers cannot deduct mileage for their regular moving expenses under the Tax Cuts and Jobs Act. Self-employed individuals can claim business mileage on a tax return. Those filing 2024 returns ...

6. 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 ...

7. 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.