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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. How Much Your Car Is Costing You Per Mile - AOL

   www.aol.com/much-car-costing-per-mile-110042318.html

   According to the U.S. Department of Energy, the average cost per mile of driving a car is $0.58, per the Calculator Academy. The DOE estimates the average driver covers about 13,500 miles per year ...

4. 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 ...

5. 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 ...

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7. 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 ...

8. 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 ...

9. How Much Car Can I Afford? How To Calculate - AOL

   www.aol.com/much-car-afford-calculate-212330885.html

   3. Do Your Research. Armed with your credit score, it’s time to figure out what kind of car you realistically can afford. Go back to the 20/4/10 rule. If you bring home $4,200 a month after ...