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2. 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 ...

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

   www.aol.com/finance/write-off-mileage-irs...

   For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022.

4. Mileage Reimbursement Rate for 2023: What To Expect - AOL

   www.aol.com/finance/mileage-reimbursement-rate...

   Here are the 2023 mileage reimbursement rates: Business use: 65.5 cents per mile. This mileage rate for business increased by 3 cents from 62.5 cents per mile in 2022. Military moving: 22 cents ...

5. Taxes 2024: IRS Increases Mileage Standard Deduction ... - AOL

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

   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 ...

6. 20 valuable small-business tax deductions - AOL

   www.aol.com/finance/20-valuable-small-business...

   Bankrate insight. A marketing business owner travels across the U.S. to meet clients. In 2023, they traveled 5,000 miles in total. They can deduct $3,275 ($0.655 for 2023 standard mileage rate x ...

7. 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 ...

8. Maximizing tax deductions for the business use of your car - AOL

   www.aol.com/2020-04-06-maximizing-tax-deductions...

   The business use of your car can be one of the largest tax deduction you can take to reduce your business income.

9. Tax Tips: Standard mileage rate deduction skyrockets - AOL

   www.aol.com/2008/06/24/tax-tips-standard-mileage...

   Starting July 1, 2008, the standard mileage rate for business miles is being increased to 58.5 cents per mile. The rate is currently at 50.5 cents per mile. Over the years, the IRS has somewhat ...