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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 ...
MileIQ is an American-based technology company that develops a mileage tracking and logging app. [2] The app uses automatic mileage tracking to calculate mileage while driving for business purposes that can then be used to report for reimbursement and potentially a tax deduction with the IRS, being attributed as the first mobile app to passively track such data.
The mileage for dual-fuel vehicles, such as E85 capable models and plug-in hybrid electric vehicles, is computed as the average of its alternative fuel rating—divided by 0.15 (equal to multiplying by 6.666)—and its gasoline rating. Thus an E85-capable vehicle that gets 15 mpg on E-85 and 25 mpg on gasoline might logically be rated at 20 mpg.
But 40% of these travelers, or almost 12.5 million people, said $4-a-gallon gas will curtail their travel plans, according to the advocacy group Consumer Federation of America.
The term "luxury car" and "good gas mileage" don't always go together, but there are a few notable exceptions. Trending Now: 10 New Cars To Avoid Buying in 2025 Discover More: 9 Things You Must Do ...
For gas cars with the best gas mileage, Honda offers the following: The 2024 Honda Civic starts at $23,950 with 35 mpg combined. The 2024 Honda Accord starts at $27,895 with up to 29 mpg in the ...
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]
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