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

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

   Note that prior to the 2017 Tax Cuts and Jobs Act, taxpayers could deduct miles as part of their deductions for non-military moving expenses and unreimbursed employee expenses. The TCJA eliminated ...

3. 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.

4. Per diem - Wikipedia

   en.wikipedia.org/wiki/Per_diem

   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]

5. Vehicle miles traveled tax - Wikipedia

   en.wikipedia.org/wiki/Vehicle_miles_traveled_tax

   A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...

6. Pros and cons of semi-truck financing - AOL

   www.aol.com/finance/pros-cons-semi-truck...

   Explore the pros and cons of financing your semi truck, including tax benefits and ... Your total tax deduction for depreciation would be $1,220,000 – $50,000 = $1,170,000 (or $1.17 million ...

7. Tax Credits or Tax Deductions: Which Will Save You More? - AOL

   www.aol.com/tax-credits-tax-deductions-save...

   Your tax bracket is the one that applies to the last dollar you earned. So, if you had $40,000 in income, you’d be in the 12% tax bracket — your first $11,600 would be taxed at 10%, and your ...

8. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

   www.aol.com/finance/10-tax-deductions-know-2023...

   A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

9. Truck driver - Wikipedia

   en.wikipedia.org/wiki/Truck_driver

   A truck driver driving a semi-truck in the Netherlands. A truck driver (commonly referred to as a trucker, teamster or driver in the United States and Canada; a truckie in Australia and New Zealand; [1] an HGV driver in the United Kingdom, Ireland and the European Union, a lorry driver, or driver in the United Kingdom, Ireland, India, Nepal, Pakistan, Malaysia and Singapore) is a person who ...