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2. Taxes 2024: IRS Increases Mileage Standard Deduction ... - AOL

   www.aol.com/taxes-2024-irs-increases-mileage...

   If a truck driver puts on 110,000 miles for the year, they can deduct $73,700 rather than $72,050. Uber drivers, food delivery drivers and other gig workers may also see savings on their tax bill ...

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

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

   If you plan to deduct mileage when filing taxes, you must itemize on your tax return. You can do this in one of the following ways: Complete Form 1040 and Schedule A

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

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

   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 ...

5. 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 ...

6. Is car insurance tax-deductible? - AOL

   www.aol.com/finance/car-insurance-tax-deductible...

   Drivers have two options when filing for vehicle-related tax deductions — actual expenses method or standard mileage method. If you use your vehicle for both business and personal use, you can ...

7. 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.

8. I’m a Tax Expert: 4 Things You Didn’t Know Could Be Tax Write ...

   www.aol.com/m-tax-expert-4-things-130030508.html

   Though next year's tax season is quite a few months away, many conscientious people are already getting a head start on tracking and documenting items so they can avoid the wild rush toward tax ...

9. 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 ...