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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 ...
American Automobile Association ( AAA – commonly pronounced as " Triple A " but also pronounced as individual letters) is a federation of motor clubs throughout North America. AAA is a privately held not-for-profit national member association and service organization with over 60 million members [1] in the United States and Canada. [2]
500-1545 Carling Avenue. Ottawa, Ontario K1Z 8P9 [1] Affiliations. FIA. Website. caa.ca. The Canadian Automobile Association ( CAA; French: Association canadienne des automobilistes) is a federation of eight regional not-for-profit automobile associations in Canada, [2] founded in 1913. The constituent associations (also called "clubs") are ...
In 2022, the latest year for which statistics are available, AAA estimated that the annual cost of car ownership was $10,728, up from an average of $9,666 the previous year. This is in line with ...
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 ...
The dollars-and-cents counter on the gas pump seems to be spinning faster these days with U.S. prices hitting another record high on Tuesday. Crude oil prices already were high largely because ...
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