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2. 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 ...

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

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

   This mileage rate for business increased by 1.5 cent from 65.5 cents per mile in 2023. Military moving mileage rate: ... Learn more about the IRS’s rules for business-related car usage. If you ...

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

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

   The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. ... $53,600 in mileage for 2024, versus $52,400 in 2023 ...

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. List of U.S. states by vehicles per capita - Wikipedia

   en.wikipedia.org/wiki/List_of_U.S._states_by...

   State Vehicles Vehicles / person Miles / vehicle Mpg United States 282,366,285: 0.850: 11,121: 24.4 Montana 2,140,014: 1.934: 6,300: 26.7 South Dakota 1,433,044: 1 ...

7. Vehicle miles traveled tax - Wikipedia

   en.wikipedia.org/wiki/Vehicle_miles_traveled_tax

   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]

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

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

   The IRS bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. The new rate kicks in beginning Jan. 1 and it would apply to 2024 tax returns ...

9. Car costs - Wikipedia

   en.wikipedia.org/wiki/Car_costs

   The yearly depreciation of a car is the amount its value decreases every year. Normally a car's value is correlated with the price it has on the market, but on average a car has a depreciation around 15–20% per year. [12] [13] Depending on market conditions, cars may depreciate 10–30% the first year. [14]