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

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

   Taxes 2024: IRS Increases Mileage Standard Deduction Rates by 1.5 Cents. Dawn Allcot. December 20, 2023 at 1:23 PM ... The change will go into effect for the 2024 tax year on taxes filed in 2025.

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. Is Car Loan Interest Tax Deductible? - AOL

   www.aol.com/car-loan-interest-tax-deductible...

   When using the standard mileage rate, multiply the number of miles driven by the rate, which is 67 cents for 2024. For example, 1,250 business miles times 0.67 equals $837.50.

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

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

   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 ...

7. Vehicle miles traveled tax - Wikipedia

   en.wikipedia.org/wiki/Vehicle_miles_traveled_tax

   A vehicle miles traveled tax, ... to set up a mileage collection system for 5,000 volunteer motorists ... This page was last edited on 21 December 2024, ...

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

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

   For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022.

9. What are the tax brackets for tax years 2024 and 2025 ... - AOL

   www.aol.com/tax-brackets-tax-years-2024...

   For married couples filing jointly for tax year 2024, the deduction increased to $29,200, up $1,500 from tax year 2023, the IRS said. The IRS noted that for the head of household, the standard ...