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In 2022, the rate was 58.5 cents per mile in the first half of the year and 62.5 cents in the second half -- but $0.60 per mile goes a lot farther in some states than others.
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 ...
What Is the Current Mileage Reimbursement Rate for 2024? The 2024 mileage reimbursement rates are: Looking ahead, the IRS is likely to announce the standard rate for the 2025 tax year in December.
The IRS mileage reimbursement rate is a deduction you can take for using a vehicle for qualifying purposes. Find out if you qualify. ... 800-290-4726 more ways to reach us. Sign in. Mail ...
This data is collected by the United States Census Bureau for state governments during fiscal year 2012. These statistics include tax collections for state governments only; they do not include tax collections from local governments. [3] % represents the proportion of total taxes from that category and not the tax rate.
California: 297.86 297.86 2024-25 [6] 7,634 AA- ... United States federal budget; List of government budgets by country; List of U.S. states by credit rating;
What California Taxpayers Need To Know. ... Mileage reimbursement rate for 2023: What to expect. ... State Income Tax Rates for 2024-2025.
Travel and subsistence expenses describe the cost of spending on business travel, meals, hotels, sundry items such as laundry (though usually only on long trips) and similar ad hoc expenditures. [1]