Mileage reimbursement rates are determined by the IRS. Charges for gasoline, accessories, repairs, depreciation, anti-freeze, towing, insurance, auto club memberships and other expenditures are ...

Mileage reimbursement is a crucial aspect for businesses that require employees to use their personal vehicles for work.

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 26, 2022 – December 30, 2022 ...

“That mileage rate is a lot lower than the business mileage rate.” For the 2023 tax year, the IRS approved the following standard mileage ... If you're audited, the IRS will want to see a log that ...

freemixer / Getty Images Improving your gas mileage not only saves you money but also benefits the environment. Here are 10 easy ways to maximize your vehicle's gas mileage. Regular maintenance is ...

The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile ...

Hidden in the small print ... income tax savings from no longer having a company car and the maximum tax-free mileage reimbursement for business journeys under the Government’s Approved Mileage ...

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 ...

When we flip the calendar into the New Year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal income tax return.

United Airlines’ in-flight Hemispheres magazine offered entertaining articles while en-route. Features like its “Three ...

Opinions expressed by Forbes Contributors are their own. Robert W. Wood is a tax lawyer focusing on taxes and litigation. In fact, a whopping 181 donors lobbied the State Department while Mrs ...

PITTSBURG - Aurora Sustainable Lands is resisting calls to allow for more ATV trail miles on the Connecticut Lakes Headwater Tract under a new recreation plan approved by the state Oct. 21.