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  2. Write off your mileage? The IRS expands the deduction for ...

    www.aol.com/finance/write-off-mileage-irs...

    The IRS expands the deduction for fuel costs in 2023. Vance Cariaga. ... For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from ...

  3. Are Moving Expenses Tax Deductible? - AOL

    www.aol.com/moving-expenses-tax-deductible...

    Beginning in 2018, the Tax Cuts and Jobs Act suspended the moving expense deduction for most taxpayers as part of broader changes to tax law. The suspension aimed to simplify the tax code and ...

  4. Mileage Reimbursement Rate for 2023: What To Expect - AOL

    www.aol.com/mileage-reimbursement-rate-2023...

    Note that prior to the 2017 Tax Cuts and Jobs Act, taxpayers could deduct miles as part of their deductions for non-military moving expenses and unreimbursed employee expenses. The TCJA eliminated ...

  5. Employer transportation benefits in the United States

    en.wikipedia.org/wiki/Employer_transportation...

    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.

  6. Business mileage reimbursement rate - Wikipedia

    en.wikipedia.org/wiki/Business_mileage...

    In general, the GSA rate matches the annual rate set by the IRS, although by law the government employee reimbursement rate cannot exceed the mileage rate set by the IRS for business deductions. [1] Reimbursement by an employer on a per-mile basis is also used in other countries; it offers a similar simplification to payment of subsistence per ...

  7. Internal Revenue Code section 132(a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...

  8. Tax Deductions: IRS Highlights Options for Business Travelers

    www.aol.com/tax-deductions-irs-highlights...

    There are more business travel tax deductions available to workers than you might realize. As a general rule, most costs associated with business travel -- such as transportation, lodging and ...

  9. Per diem - Wikipedia

    en.wikipedia.org/wiki/Per_diem

    The purpose of the per diem payment (or the deduction of expenses when inadequate reimbursements are provided) is to alleviate the burden on taxpayers whose business or employment travel creates duplicated expenses. The US military pays its members per diem in accordance with the Joint Travel Regulations. [9]

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