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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. The average cost of owning a car - AOL

   www.aol.com/finance/average-cost-owning-car...

   According to Kelley Blue Book, the average cost of a used car in October 2023 was $26,533, while a new car could be bought for the average price of $48,334. Even with those seemingly high rates ...

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

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

   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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7. How to file a diminished value claim? - AOL

   www.aol.com/finance/file-diminished-value-claim...

   Step 3: Apply a damage multiplier. Insurance companies use a damage multiplier to adjust the value of the vehicle described in step two. The 10 percent cap value is multiplied by a number ranging ...

8. Taxes 2023: Can You Claim Your Car Costs When Filing ... - AOL

   www.aol.com/finance/taxes-2023-claim-car-costs...

   Those who want to claim this credit when filing their income tax return should be mindful of the eligibility requirements. “For tax filing in 2023, it’s worth $2,500 to $7,500 depending on the ...

9. How to Calculate Gas Costs for Your Next Road Trip - AOL

   www.aol.com/calculate-gas-costs-next-road...

   Now, to calculate gas cost per mile simply divide the total miles driven by the total cost of your last fill-up. Using the prior example, if the gas cost $2.49 per gallon, your 15-gallon fill-up ...