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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 ...
Per diem. Per diem ( Latin for "per day" or "for each day") or daily allowance is a specific amount of money that an organization gives an individual, typically an employee, per day to cover living expenses when travelling on the employer's business. A per diem payment can cover part or all of the expenses incurred.
MileIQ is an American-based technology company that develops a mileage tracking and logging app. The app uses automatic mileage tracking to calculate mileage while driving for business purposes that can then be used to report for reimbursement and potentially a tax deduction with the IRS, being attributed as the first mobile app to passively track such data.
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.
Alabama ( / ˌæləˈbæmə / AL-ə-BAM-ə) [9] is a state in the Southeastern region of the United States. It borders Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama is the 30th largest by area [10] and the 24th-most populous of the 50 U.S. states. [11]
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In Alabama, Interstate 20 ( I-20) travels 214.7 miles (345.5 km) through the center of the state. [1] It enters the state from Mississippi near Cuba, and travels northeastward through Tuscaloosa and Birmingham. At Birmingham, I-20 turns eastward and heads through Oxford before crossing the Georgia state line near Lebanon.
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