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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 ...
Increase in Mileage Deduction For the second half of 2022, the IRS increased the allowable business-related mileage deduction to 62.5 cents per mile, up from 58.5 cents per mile for the first half ...
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 ...
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 ...
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 latest census of Oahu's homeless population showed a 19% increase in homeless families since January 2023, including 635 children who can suffer lifelong consequences.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans, IRS. Accessed May 16, 2024. Accessed May 16, 2024. Tax Counseling for the Elderly , Benefits.gov. Accessed May ...
If you’re called into jury duty in Pierce County, you receive $10 per day served. That rate hasn’t changed since 1959 (a time when the average cost of a new house was $12,400 and a gallon of ...