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Truck drivers get the standard mileage rate of 65.5 cents per mile. This rate increased from 62.5 cents per mile as of January 2023. To figure out your deduction, take the number of miles driven ...
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 rating for all-electric mode (left) is expressed in miles per gallon gasoline equivalent (mpg). Miles per gallon gasoline equivalent ( MPGe or MPGge) is a measure of the average distance traveled per unit of energy consumed. MPGe is used by the United States Environmental Protection Agency (EPA) to compare energy consumption of alternative ...
Fuel economy in aircraft. Between 1950 and 2018, efficiency per passenger grew from 0.4 to 8.2 RPK per kg of CO₂. [1] The fuel economy in aircraft is the measure of the transport energy efficiency of aircraft . Fuel efficiency is increased with better aerodynamics and by reducing weight, and with improved engine brake-specific fuel ...
Car longevity. Car longevity is of interest to many car owners [1] and includes several things: maximum service life in either mileage or time (duration), relationship of components to this lifespan, identification of factors that might afford control in extending the lifespan. Barring an accidental end to the lifespan, a car would have a life ...
Nationwide’s SmartMiles program, for example, offers a low base rate plus a variable one that depends on mileage. And for periodic longer road trips, it counts only the first 250 miles per day.
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