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Using the same example of a 2,325 road trip requiring 97 gallons of gas, take an eyeballed rough average of the gas prices the Gas Buddy or Gas Guru apps or Google Maps shows you’ll be paying ...
To help consumers get the most mileage for their money, the CFA has published 10 gas-saving tips from Jack Gillis, the group's director of public affairs and author of The Car Book. Related ...
Ramp takes a closer look at mileage reimbursement and explains why it's important and when it does or does not make sense.
AMFA specifies the energy content of 100 cubic feet of natural gas to be equal to 0.823 gallons-equivalent of natural gas, and the gallon equivalency of natural gas is considered to have a fuel content, similar to that for alcohol fuels, equal to 0.15 gallons of fuel.
The law authorizes the Oregon Department of Transportation (ODOT) to set up a mileage collection system for 5,000 volunteer motorists beginning July 1, 2015. [18] ODOT may assess a charge of 1.5 cents per mile for up to 5,000 volunteer cars and light commercial vehicles and issue a gas tax refund to those participants. [3]
It’s meant to simplify how taxpayers — businesses and individuals — calculate their deductible mileage costs. IRS Standard Mileage Rates for 2024 In December 2023, the IRS announced the ...
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 ...
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 ...
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