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In addition, truck drivers have a special way of calculating a tax deduction for per diem. All drivers who are subject to USDOT hours of service are eligible. As of October 1, 2009, the per diem rate is $59 per day, and they may deduct 80% of this amount from their taxable income. [13]
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 ...
Starting Jan. 1, 2025, Virginia's minimum wage will rise from $12.00 per hour to $12.41 per hour. This increase fulfills a provision in legislation passed in 2020 and is part of a broader plan to ...
The program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon. Obama said, "The status quo is no ...
The trucking industry employs 10 million people (out of a total national population of 300 million) [51] in jobs that relate directly to trucking. The trucking industry is the industry of small business, considering 93 percent of interstate motor carriers (over 500,000) operate 20 or fewer trucks. [52]
According to the state Department of Labor and Industries, the statewide minimum wage that takes effect Jan. 1, 2025, will be $16.66 per hour. This is an increase of 38 cents per hour from the ...
Airline travel in 2025 is set to become more dignified for passengers with disabilities under a new Department of Transportation rule. U.S. Transportation Secretary Pete Buttigieg on Monday ...
From the 1950s onward, the general service (meaning used for a wide variety of shipments) boxcar fleet owned by American railroads significantly shrank. From a starting point of approximately 780,000 boxcars in the middle of the 1950s, boxcar inventory shrank to 637,000 by 1960 and 329,000 in 1973, a more than 50 percent decrease.