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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 ...
Fuel economy is the distance travelled per unit volume of fuel used; for example, kilometres per litre (km/L) or miles per gallon (MPG), where 1 MPG (imperial) ≈ 0.354006 km/L. The higher the value, the more economic a vehicle is (the more distance it can travel with a certain volume of fuel). This measure is popular in the US and the UK (mpg ...
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 ...
Annual average daily traffic. Annual average daily traffic, abbreviated AADT, is a measure used primarily in transportation planning, transportation engineering and retail location selection. Traditionally, it is the total volume of vehicle traffic of a highway or road for a year divided by 365 days. AADT is a simple, but useful, measurement of ...
Passenger-distance is the distance (km or miles) travelled by passengers on transit vehicles; determined by multiplying the number of unlinked passenger trips by the average length of their trips. passenger-kilometre or pkm internationally; passenger-mile (or pmi ?) sometimes in the US; 1 pmi = 1.609344 pkm.
With that flight, your American Airlines miles are worth about 0.9 cents per mile ($224 / 24,500 = $0.009). However, a one-way, Main Cabin flight from Portland to New York in March might cost you ...
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