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MileIQ is an American-based technology company that develops a mileage tracking and logging app. 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.
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 ...
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 ...
Standard mileage rate: If you deduct using the standard mileage rate, you’ll need to keep track of the mileage you travel for business. For 2023 taxes, you can deduct 65.5 cents per mile. For ...
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 ...
BNSF Railway ( reporting mark BNSF) is the largest freight railroad in the United States. One of six North American Class I railroads, BNSF has 36,000 employees, [1] 33,400 miles (53,800 km) of track in 28 states, and over 8,000 locomotives. [2] It has three transcontinental routes that provide rail connections between the western and eastern ...
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