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2. Write off your mileage? The IRS expands the deduction ... - AOL

   www.aol.com/finance/write-off-mileage-irs...

   On Dec. 29, the agency announceda 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 ...

3. 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 ...

4. Taxes 2024: IRS Increases Mileage Standard Deduction ... - AOL

   www.aol.com/finance/taxes-2024-irs-increases...

   The standard mileage deduction rose to 67 cents per mile, up 1.5 cents from 2023. The change will go into effect for the 2024 tax year on taxes filed in 2025. Billionaires vs. the Middle Class ...

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 ...

6. IRS mileage rate for business goes up by 1.5 cents for 2024 - AOL

   www.aol.com/irs-mileage-rate-business-goes...

   The IRS bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. The new rate kicks in beginning Jan. 1 and it would apply to 2024 tax returns ...

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8. Pros and cons of leasing vs. buying a car - AOL

   www.aol.com/finance/pros-cons-leasing-vs-buying...

   Most leases come with annual mileage restrictions, typically ranging between 10,000 to 15,000 miles. If you exceed those limits, you’ll pay a premium — typically around 30 cents per mile ...

9. Business mileage reimbursement rate - Wikipedia

   en.wikipedia.org/wiki/Business_mileage...

   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 ...