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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 ...
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 ...
This mileage rate for business increased by 1.5 cent from 65.5 cents per mile in 2023. Military moving mileage rate: 21 cents per mile (1 cent decrease from 2023). Qualified active-duty Armed ...
Ramp takes a closer look at mileage reimbursement and explains why it's important and when it does or does not make sense.
The GSA establishes per diem rates within the Continental United States for hotels "based upon contractor-provided average daily rate (ADR) data of fire-safe properties in the local lodging industry"; [6] this means that per diem varies depending on the location of the hotel—for instance, New York City has a higher rate than Gadsden, Alabama. [7]
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The IRS standard mileage rate is a key benchmark used by the ... The new rate kicks in beginning Jan. 1 and it would apply to 2024 tax returns that would be filed in 2025. Other mileage rates ...
The 2025 speaker of the United States House of Representatives election took place on January 3, 2025, on the opening day of the 119th United States Congress, two months after the 2024 elections for the United States House of Representatives. This was the 130th speaker of the House of Representatives election since the office was created in 1789.