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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 ...
Here are the 2023 mileage reimbursement rates: Business use: 65.5 cents per mile. This mileage rate for business increased by 3 cents from 62.5 cents per mile in 2022. Military moving: 22 cents ...
Step 3: Apply a damage multiplier. Insurance companies use a damage multiplier to adjust the value of the vehicle described in step two. The 10 percent cap value is multiplied by a number ranging ...
Frequent-flyer program. A frequent-flyer programme ( FFP) is a loyalty program offered by an airline . Many airlines have frequent-flyer programmes designed to encourage airline customers enrolled in the programme to accumulate points (also called miles, kilometers, or segments) which may then be redeemed for air travel or other rewards.
For 2008, the rate used to calculate deductible driving costs was 50.5 cents from January to June and 58.5 cents for the last six months. It's all determined by transportation costs, and if you ...
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