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  2. 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 ...

  3. Tax Tips: Standard mileage rate deduction skyrockets - AOL

    www.aol.com/news/2008-06-24-tax-tips-standard...

    Starting July 1, 2008, the standard mileage rate for business miles is being increased to 58.5 cents per mile. The rate is currently at 50.5 cents per mile. Over the years, the IRS has somewhat ...

  4. 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.

  5. Per diem - Wikipedia

    en.wikipedia.org/wiki/Per_diem

    As of October 1, 2009, the per diem rate is $59 per day, and they may deduct 80% of this amount from their taxable income. [ 13 ] Due to the large number of away games and associated travel days in American sports, per diem rates are often major components in collective bargaining agreements between leagues and their players' unions.

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

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

    This mileage rate for business increased by 1.5 cent from 65.5 cents per mile in 2023. Military moving mileage rate: 21 cents per mile (1 cent decrease from 2023). Qualified active-duty Armed ...

  7. 10 Best States for Mileage Deductions - AOL

    www.aol.com/10-best-states-mileage-deductions...

    The federal government requires businesses to reimburse employees for mileage only if failure to do so lowers their net pay below minimum wage. A tiny handful of states have laws that obligate...

  8. Mileage - Wikipedia

    en.wikipedia.org/wiki/Mileage

    Business mileage reimbursement rate, an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction Other uses [ edit ]

  9. 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 ...