enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Write off your mileage? The IRS expands the deduction for ...

   www.aol.com/finance/write-off-mileage-irs...

   For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022.

3. 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 ...

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

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

   The IRS mileage reimbursement rate is a deduction you can take for using a vehicle for qualifying purposes. Find out if you qualify. ... Second half of 2022 — 62.5 cents per mile.

5. Mileage reimbursement for businesses: What you need to know - AOL

   www.aol.com/mileage-reimbursement-businesses...

   What Is the Current Mileage Reimbursement Rate for 2024? The 2024 mileage reimbursement rates are: Looking ahead, the IRS is likely to announce the standard rate for the 2025 tax year in December.

6. 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.

7. IRS pushes standard mileage rate to 62.5 cents per mile for 6 ...

   www.aol.com/news/irs-pushes-standard-mileage...

   IRS takes an unusual step, one not taken in 10 years, to address higher gas prices. Will you see a boost in the mileage reimbursement? IRS pushes standard mileage rate to 62.5 cents per mile for 6 ...

8. 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 ... slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax ...

9. RV Tax Deductions You Should Know About - AOL

   www.aol.com/rv-tax-deductions-know-180000457.html

   The business mileage deduction for 2021 tax season is 56 cents per mile driven. That said, it is important to understand that only miles driven purely for business may be claimed.