The IRS allows qualified taxpayers to deduct vehicle mileage related to business, charity, medical or moving purposes — but there are several important rules to know. Many, or all, of the ...
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IRS Raises Standard Mileage Rate To 70 Cents for 2025This includes the cost of gas, maintenance ... per mile in 2023. The mileage rates are the same throughout the country. There ...
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Mileage Reimbursement Rate for 2025: What To ExpectIRS Standard Mileage Rates for 2024 In December 2023, the IRS announced the standard ... These expenses would include the cost of gas and oil in place of the mileage rate, plus parking fees ...
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IRS increasing the business standard mileage rateThe IRS has unveiled an important update ... Rather than requiring employees to track actual expenses for gas, repairs, and other costs, the standard mileage rate offers a flat, straightforward ...
The IRS announced Friday that it was responding to the high price of gasoline by raising the mileage rate for business-expense deductions. Effective September 1st, the rate jumps from 40.5 cents a ...
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