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

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

    The IRS has given at least one tiny glimmer of hope for your 2023 finances amid a backdrop of economic uncertainty: You can now increase your tax write-off for fuel costs. On Dec. 29, the agency ...

  4. Write Off Your Mileage? The IRS Expands the Deduction for ...

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

    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 ...

  5. Georgia (U.S. state) - Wikipedia

    en.wikipedia.org/wiki/Georgia_(U.S._state)

    Georgia has a progressive income tax structure with six brackets of state income tax rates that range from 1% to 6%. In 2009, Georgians paid 9% of their income in state and local taxes, compared to the U.S. average of 9.8% of income. [128] This ranks Georgia 25th among the states for total state and local tax burden. [128]

  6. Mileage Reimbursement Rate for 2023: What To Expect - AOL

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

    Truck drivers get the standard mileage rate of 65.5 cents per mile. This rate increased from 62.5 cents per mile as of January 2023. To figure out your deduction, take the number of miles driven ...

  7. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    Individual Countries. Business portal. Money portal. v. t. e. A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and ...

  8. Tax Tips: Standard mileage rate deduction skyrockets - AOL

    www.aol.com/2008/06/24/tax-tips-standard-mileage...

    Starting July 1, 2008, the standard mileage rate for business miles is being increased to 58.5 cents per mile. The rate is currently at 50.5 cents per mile. Over the years, the IRS has somewhat ...

  9. Pennsylvania - Wikipedia

    en.wikipedia.org/wiki/Pennsylvania

    Pennsylvania (/ ˌ p ɛ n s ɪ l ˈ v eɪ n i ə / ⓘ PEN-sil-VAY-nee-ə, lit. ' Penn's forest country '), officially the Commonwealth of Pennsylvania [b] (Pennsylvania Dutch: Pennsilfaani), [7] is a US state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.

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