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  2. 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 ...

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

    www.aol.com/taxes-2024-irs-increases-mileage...

    For drivers on the low-end of that range, they could deduct $53,600 in mileage for 2024, versus $52,400 in 2023, decreasing their tax liability and potentially putting money in their pocket.

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

    www.aol.com/irs-mileage-rate-business-goes...

    The IRS bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. The new rate kicks in beginning Jan. 1 and it would apply to 2024 tax returns ...

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

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

    It’s meant to simplify how taxpayers — businesses and individuals — calculate their deductible mileage costs. IRS Standard Mileage Rates for 2024 In December 2023, the IRS announced the ...

  6. Per diem - Wikipedia

    en.wikipedia.org/wiki/Per_diem

    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]

  7. MileIQ - Wikipedia

    en.wikipedia.org/wiki/MileIQ

    MileIQ is an American-based technology company that develops a mileage tracking and logging app. [2] The app uses automatic mileage tracking to calculate mileage while driving for business purposes that can then be used to report for reimbursement and potentially a tax deduction with the IRS, being attributed as the first mobile app to passively track such data.

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

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

    On Dec. 29, the agency announced a bump in the optional standard mileage rate starting Jan. 1, 2023 — which will now be 65.5 cents per mile driven. Taxpayers can use the new rate to calculate ...

  9. Talk:Business mileage reimbursement rate - Wikipedia

    en.wikipedia.org/wiki/Talk:Business_mileage...

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