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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 ...
Ramp takes a closer look at mileage reimbursement and explains why it's important and when it does or does not make sense.
This mileage rate for business increased by 1.5 cent from 65.5 cents per mile in 2023. ... 2013 — 56.5 cents per mile. ... Are there mileage deductions for electric or hybrid vehicles?
The Internal Revenue Service on Thursday announced that the 2025 standard mileage rate will go up by 3 cents per mile to 70 cents for the optional mileage rate for automobiles driven for business ...
Most new employers in the state of Indiana start with a 2.5% unemployment tax rate unless your company is a construction company, successor company, or a government entity, at which point your tax rate is 2.53%, .5% to 9.4%, 1.6% respectively. [9] Indiana employers are required to pay unemployment taxes for any year in which they have employees ...
Rank Entity State Class of ownership Parent Number of customers Sales (MWh) Revenue ($1,000 ) Average retail price/kWh) 1: Pacific Gas & Electric: CA: Investor owned
For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022.
The commission was established by the Indiana General Assembly as the Railroad Commission in the late 1800s to regulate the railroads in the state. [1] On March 4, 1913, Governor Samuel M. Ralston signed the Shively-Spencer Utility Act giving it the additional authority to regulate electric, natural gas, water, private sewer, and telephone utilities along with common carriers (trucking) and ...
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