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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 ...
The actual per-mile reimbursement rate depends on the national average variable and fixed costs of operating a vehicle. The IRS uses an independent third-party contractor to assess these costs on ...
also subject to additional county taxes, up to 8 cents per gallon on Aviation Fuel, 4 cents per gallon for Jet Fuel New Hampshire: 4.0: 2.0: The rate for Jet Fuel for aircraft operating under FAR Part 121 is 0.5 cents per gallon New Jersey: 10.56: 13.56 New Mexico: 17.0: See notes: Jet Fuel is subject to gross receipts tax New York: 6.5: 6.5 ...
The miles per gallon equivalent cost of an alternative fuel vehicle can be calculated by a simple formula to directly compare the MPG operating costs (rather than the energy consumption of MPGe [7]) with traditional vehicles since the cost of resources varies substantially from region to region.
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.
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]
As of 2026, the new mandatory minimums for standard car insurance policies in New Jersey will be: $35,000 bodily injury liability per person $70,000 bodily injury liability per accident
With a VAT rate of 20%, the percent of the total price of gasoline that came from taxes was 63.9% [12] The excise tax on diesel fuel was €0.531 per liter (€0.5307 to €0.5631). With the 20% VAT, 59.3% of the total cost of diesel fuel was taxes. [13]