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  2. Know the 2024 standard mileage rate before you do your taxes

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    The 2024 standard mileage rate for business use of a vehicle is 67 cents per mile. The mileage rate is useful to know at tax time for those traveling for volunteer work and others.

  3. IRS mileage rate for business goes up by 1.5 cents for 2024 - AOL

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    The IRS standard mileage rate is a key benchmark used by the federal government and many businesses to reimburse employees for out-of-pocket expenses. IRS mileage rate for business goes up by 1.5 ...

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

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    The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile, up 1.5 ...

  5. 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 ...

  6. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

  7. Free File - Wikipedia

    en.wikipedia.org/wiki/Free_File

    The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $84,000 for Tax Year 2024.

  8. The Best Tax Deductions and Tax Breaks for 2024-2025 - AOL

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    Some deductions remain every year, but others change or disappear, and new ones crop up. Learn the most common tax deductions available. The Best Tax Deductions and Tax Breaks for 2024-2025

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