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2. 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.

3. 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 ...

4. IRS mileage rate for business goes up to 70 cents a ... - AOL

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

   Self-employed individuals can claim business mileage on a tax return. Those filing 2024 returns in 2025, need to keep in mind that they will use the 2024 rate for those returns, not the new IRS ...

5. 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.

6. 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 ...

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

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

   Ramp takes a closer look at mileage reimbursement and explains why it's important and when it does or does not make sense.

8. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   This facilitated amendments to 2011 tax returns to claim a casualty tax deduction. [4] Gambling losses, but only to the extent of gambling income (For example, a person who wins $1,000 in various gambling activities during the tax year and loses $800 in other gambling activities can deduct the $800 in losses, resulting in net gambling income of ...

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

   www.aol.com/mileage-reimbursement-rate-2023...

   IRS Standard Mileage Rates for 2024. In December 2023, the IRS announced the standard mileage rates for 2024. While business rates have increased, other rates have either decreased or remained ...