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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 ...
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.
(Dec. 15, 13A, “Fort Worth’s take-home car rules need work”) This would not apply to travel in the city. Start the program by giving employees a stipend covering 75% of the cost, but make it ...
Some car manufacturers support a "high mileage" club. For example, Toyota, Honda, Land Rover, Volvo and Mercedes-Benz have a "High Mileage Award" program in which owners who drive 250,000 kilometres (160,000 mi), 500,000 kilometres (310,000 mi), 750,000 kilometres (470,000 mi), and 1,000,000 kilometres (620,000 mi) are awarded with a ...
Mechanics have seen many cars come and go, but many leave a lasting impression for all the wrong reasons. Some are built to last, while others don't quite make the cut when it comes to gas mileage ...
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The law authorizes the Oregon Department of Transportation (ODOT) to set up a mileage collection system for 5,000 volunteer motorists beginning July 1, 2015. [18] ODOT may assess a charge of 1.5 cents per mile for up to 5,000 volunteer cars and light commercial vehicles and issue a gas tax refund to those participants. [3]
New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by ...
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