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  2. Mileage Reimbursement Rate for 2025: What To Expect - AOL

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

    Are there mileage deductions for electric or hybrid vehicles? The standard mileage rate is 67 cents per mile for business purposes, 21 cents per mile for medical or moving purposes and 14 cents ...

  3. IRS mileage rate for business goes up to 70 cents a ... - AOL

    www.aol.com/irs-mileage-rate-business-goes...

    Self-employed individuals can claim business mileage on a tax return. Those filing 2024 returns in 2025, need to keep in mind that they will use the 2024 rate for those returns, not the new IRS ...

  4. EV Tax Credits: What’s New and Who Qualifies? - AOL

    www.aol.com/ev-tax-credits-qualifies-160845950.html

    Learn about EV tax credits — who qualifies, income limits and how to claim up to $7,500 for electric vehicles. Find out if your EV purchase is eligible.

  5. Government incentives for fuel efficient vehicles in the ...

    en.wikipedia.org/wiki/Government_incentives_for...

    Currently the standard credit for a qualified alternative fuel vehicle is $4,000. Other than the Civic GX, a number of models produced after 2004 may qualify for tax credits. [13] Electric vehicles: Government tax credit programs are planned for electric and plug-in hybrid vehicles, but no specific models have yet been certified. [14]

  6. 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 ...

  7. How Do EV Tax Credits Work? - AOL

    www.aol.com/electric-vehicle-tax-credits...

    How EV Tax Credits Work and How to Claim Them. Currently, the tax credit for purchasing a qualifying new battery-electric and plug-in hybrid vehicles is either $3750 or $7500. Used EVs and PHEVs ...

  8. Using tax credits and rebates to your advantage could save ...

    www.aol.com/using-tax-credits-rebates-advantage...

    Federal EV tax credits. The federal EV tax credit is split: You can get $3,750 if the vehicle meets either the critical-minerals requirements or the battery-component requirements. If it meets ...

  9. Taxes 2023: Here are the biggest tax changes this year - AOL

    www.aol.com/finance/taxes-2023-biggest-tax...

    Similarly, the Child and Dependent Care credit — which includes out-of-pocket expenses for child care and day camps — is worth up to $2,100 for the 2022 tax year, down from $8,000 for the 2021 ...

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