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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 ...
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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 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 ...
In January 2024, the scrappage rate was 4.6%, only slightly up from 4.5% in January 2023. Since 2020, over 27 million passenger cars have been taken off the road in the U.S., while only about 13 ...
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 ...
The rate you pay for your car insurance is determined by a complex combination of multiple factors that insurance companies consider when they assess your risk as a driver. ... 24/7 Help. For ...
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