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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 standard mileage deduction rose to 67 cents per mile, up 1.5 cents... Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
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 ...
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 ...
A vehicle miles traveled tax, also frequently referred to as a VMT tax, VMT fee, mileage-based fee, or road user charge, is a policy of charging motorists based on how many miles they have traveled. It has been proposed in various states in the United States including Illinois who are currently following through with implementing this tax, and ...
The areas of interest are then displayed on the map, and the mileage and gas costs are recalculated. [9] [23] The application road trip planner calculates approximate trip mileage, travel time, and fuel cost. [2] [5] [10] [22] [23] [26] [27] Trip itineraries built on the Roadtrippers web platform sync with the iPhone app and Android app. [28]
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