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  2. Write off your mileage? The IRS expands the deduction ... - AOL

    www.aol.com/write-off-mileage-irs-expands...

    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. Taxes 2024: IRS Increases Mileage Standard Deduction ... - AOL

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

    The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile, up 1.5 ...

  4. Mileage Reimbursement Rate for 2023: What To Expect - AOL

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

    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 ...

  5. 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 ...

  6. 4 Ways To Find Tax Deductions That Work For You in 2024 - AOL

    www.aol.com/finance/4-ways-tax-deductions-2024...

    Taxpayers can take advantage of numerous tax deductions, also known as tax write-offs, to lower their tax bill or receive a refund from the IRS come tax season. Learn More: Trump-Era Tax Cuts...

  7. 20 valuable small-business tax deductions - AOL

    www.aol.com/finance/20-valuable-small-business...

    For 2023 taxes, you can deduct 65.5 cents per mile. For 2024 taxes, you can deduct 67 cents per mile. If you have only one vehicle and use it for both personal and business needs, you need to ...

  8. Maximizing tax deductions for the business use of your car - AOL

    www.aol.com/article/finance/2020/04/06/...

    The business use of your car can be one of the largest tax deduction you can take to reduce your business income.

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

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

    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 ...

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