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2. 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 ...

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

   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 ...

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

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

   The standard mileage deduction rose to 67 cents per mile, up 1.5 cents from 2023. The change will go into effect for the 2024 tax year on taxes filed in 2025. Billionaires vs. the Middle Class ...

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 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 ...

6. Why is my car insurance so high? - AOL

   www.aol.com/finance/why-car-insurance-high...

   Average car insurance rates increased 26 percent from 2023 to 2024. ... Low usage/mileage discounts. ... Since there isn’t a standard car insurance rate that all companies use, some companies ...

7. The Best Tax Deductions and Tax Breaks for 2023-2024 - AOL

   www.aol.com/most-americans-think-taking-entitled...

   You can either use a standard mileage rate or the actual-expense method, which is what it actually costs to operate the car for its business-use portion. 21. Business Travel Expenses

8. 10 Best States for Mileage Deductions - AOL

   www.aol.com/finance/10-best-states-mileage...

   Vermont. Despite a lower sales tax rate, Vermont residents pay a little more than Ohioans to own their cars -- $21,737 over five years, to be exact. The $1,100 annual insurance bill is $357 ...

9. 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 ...