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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 ...
To calculate your mileage costs, you simply multiply the number of miles you drove by the cents per mile rate that applies to you: 65.5 cents for business miles, 22 cents for medical or military ...
MPGe (miles per gallon gasoline equivalent) is a measure of the average distance traveled per unit of energy consumed. It is used by the EPA to compare energy consumption of alternative fuel vehicles with conventional gasoline vehicles. Learn how MPGe is calculated, used and regulated in the U.S.
A vehicle miles traveled tax (VMT) is a policy of charging motorists based on how many miles they have traveled. It is proposed as an alternative to fuel tax in some countries and states, and can be implemented using GPS or other technology.
Fuel economy is the distance traveled per unit volume of fuel used, or the volume of fuel per unit distance. Learn about the different units, methods, and factors that affect fuel economy, and how it varies by country and vehicle type.
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, under new federal rules unveiled Friday by ...
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