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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 ...
Vermont. Despite a lower sales tax rate, Vermont residents pay a little more than Ohioans to own their cars -- $21,737 over five years, to be exact. The $1,100 annual insurance bill is $357 ...
There are 70 primary Interstate Highways in the Interstate Highway System, a network of freeways in the United States. These primary highways are assigned one- or two-digit route numbers, whereas their associated auxiliary Interstate Highways receive three-digit route numbers. Typically, odd-numbered Interstates run south–north, with lower ...
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 ...
A vehicle miles traveled tax, also frequently referred to as a VMT tax, VMT fee, mileage-based fee, or road user charge, is a policy of charging motorists based on how many miles they have traveled. It has been proposed in various states in the United States including Illinois who are currently following through with implementing this tax, and ...
Uber and Lyft drivers should always track mileage for tax purposes. These six free mileage tracker apps make it easy to do so right from your smartphone. This was originally published on The Penny ...
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