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The post How to Calculate Gas Costs for Your Next Road Trip appeared first on Reader's Digest. ... Your Road Trip Essentials Checklist. The 55 Best Road Trips in America.
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.
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 ...
In 1994 the U.S. National Institute of Standards and Technology (NIST) introduced gasoline gallon equivalent (GGE) as a metric for fuel economy for natural gas vehicles. NIST defined a gasoline gallon equivalent (GGE) as 5.660 pounds of natural gas, and gasoline liter equivalent (GLE) as 0.678 kilograms of natural gas. [18]
The Mobil Economy Run determined the fuel economy or gas mileage potentials of passenger cars under typical driving conditions encountered by average motorists. This was rather different from the current method of computing fuel consumption by the United States Environmental Protection Agency (EPA) by running cars on chassis dynamometer in a climate-controlled environment.
It’s meant to simplify how taxpayers — businesses and individuals — calculate their deductible mileage costs. IRS Standard Mileage Rates for 2024 In December 2023, the IRS announced the ...
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 average American spends almost $2,000 per year on fuel, so choose a ride that won't guzzle gas. See which popular cars boast the highest fuel efficiency. Cars, Trucks and SUVs With the Best ...
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