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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 ...
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 ...
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 ...
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Mileage restrictions. Most leases come with annual mileage restrictions, typically ranging between 10,000 to 15,000 miles. If you exceed those limits, you’ll pay a premium — typically around ...
Uber and Lyft drivers should always track mileage for tax purposes. These six free mileage tracker apps make it easy to do so right from your smartphone. This was originally published on The Penny ...
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For 2008, the rate used to calculate deductible driving costs was 50.5 cents from January to June and 58.5 cents for the last six months. It's all determined by transportation costs, and if you ...
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