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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 ...
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 standard mileage rate is a key benchmark used by the federal government and many businesses to reimburse employees for out-of-pocket expenses. IRS mileage rate for business goes up by 1.5 ...
Fuel economy in aircraft. Between 1950 and 2018, efficiency per passenger grew from 0.4 to 8.2 RPK per kg of CO₂. [ 1 ] The fuel economy in aircraft is the measure of the transport energy efficiency of aircraft. Fuel efficiency is increased with better aerodynamics and by reducing weight, and with improved engine brake-specific fuel ...
The program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon.
June 7, 2024 at 2:16 PM. WASHINGTON (AP) — New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year ...
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