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2. Know the 2024 standard mileage rate before you do your taxes

   www.aol.com/know-2024-standard-mileage-rate...

   The 2024 standard mileage rate for business use of a vehicle is 67 cents a mile. ... One fast tax tip to review before filing your 2024 federal income tax return is the IRS mileage rate.

3. 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 ...

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

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

   In December 2023, the IRS announced the standard mileage rates for 2024. While business rates have increased, other rates have either decreased or remained unchanged from the year before.

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. 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.

7. IRS mileage rate for business goes up by 1.5 cents for 2024 - AOL

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

   The IRS standard mileage rate is a key benchmark used by the federal government and many businesses to reimburse employees for out-of-pocket expenses. IRS mileage rate for business goes up by 1.5 ...

8. Taxes 2024: IRS Increases Mileage Standard Deduction Rates by ...

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

   The IRS reduced the standard deduction for miles driven for medical purposes or for moving (applicable only to qualified active-duty members of the Armed Forces) from 22 cents per mile in 2023 to ...

9. Deadline for making tax-deductible donations is days away ...

   www.aol.com/deadline-making-tax-deductible...

   For 2023, the standard mileage deduction is 14 cents per mile when traveling for charitable volunteerism, according to NerdWallet. The deduction will be the same in 2024. The deduction will be the ...