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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 ...
The law authorizes the Oregon Department of Transportation (ODOT) to set up a mileage collection system for 5,000 volunteer motorists beginning July 1, 2015. [18] ODOT may assess a charge of 1.5 cents per mile for up to 5,000 volunteer cars and light commercial vehicles and issue a gas tax refund to those participants. [3]
The rate shown is in US cents per gallon as of September 2017 (an updated list is available as of February 2021). [24] State Aviation Fuel Tax (excludes federal tax of 19.4¢/gal) Jet Fuel Tax (excludes federal tax of 24.4¢/gal) Notes Alabama: 9.5: 3.5 Alaska: 4.7: 3.2 Arizona: 5.0: 0: Jet Fuel is not subject to Motor Fuel Taxes Arkansas: 21.8 ...
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 ...
For drivers on the low-end of that range, they could deduct $53,600 in mileage for 2024, versus $52,400 in 2023, decreasing their tax liability and potentially putting money in their pocket.
The BMW iX3 (model code G08) is a battery electric version of the BMW X3 (G01). [69] It was presented at the 2018 Beijing Motor Show in April as a concept vehicle, it is the third car of the electric-focused BMW i family and the first battery electric BMW SUV.
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In August 2021 NHTSA released its Notice of Proposed Rulemaking offering new standards for the 2024–2026 model years. The final rule covering the 2024–2026 model years was signed on March 31, 2022. Fuel economy targets for cars and light trucks each increase 8 percent for 2024 MY, 8 percent for 2025 MY, and 10 percent for 2026 MY.
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4050 Morse Rd, Columbus, OH · Directions · (614) 471-2277