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MileIQ is an American-based technology company that develops a mileage tracking and logging app. [2] The app uses automatic mileage tracking to calculate mileage while driving for business purposes that can then be used to report for reimbursement and potentially a tax deduction with the IRS, being attributed as the first mobile app to passively track such data.
These six free mileage tracker apps make it easy to do so right from your smartphone. This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save ...
Details. Caret Down. Upside is a free app that allows you to earn cash back rewards every time you fill up. After you download the app, you can see a map of all gas prices nearby. Claim the offers ...
The mileage for dual-fuel vehicles, such as E85 capable models and plug-in hybrid electric vehicles, is computed as the average of its alternative fuel rating—divided by 0.15 (equal to multiplying by 6.666)—and its gasoline rating. Thus an E85-capable vehicle that gets 15 mpg on E-85 and 25 mpg on gasoline might logically be rated at 20 mpg.
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 ...
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 ...
Fuel-saving devices are sold on the aftermarket with claims they may improve the fuel economy, the exhaust emissions, or optimize ignition, air flow, or fuel flow of automobiles in some way. An early example of such a device sold with difficult-to-justify claims is the 200 mpg ‑US (1.2 L/100 km) carburetor designed by Canadian inventor ...
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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