But, there is no law stating employers must use this rate. Most businesses use the standard mileage reimbursement rate. However, businesses or organizations may also need to use different rates, depending on the industry. For example, standard mileage reimbursement rates for medical or moving ...
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Per diem is a daily stipend that traveling employees receive in addition to regular pay. Learn more about legal requirements here.
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Average mileage per year is the amount of miles motorists typically travel each year. Understanding average mileage per year helps you make smarter purchase decisions.
Understand FUTA tax and how it impacts your business. Learn what FUTA is, 2025 FUTA tax rates, credits, and how to calculate and file your FUTA tax liability.
Average rates are currently high. The benchmark rate, which is the rate banks charge to lend money to other banks, declined to 4.25-4.5 percent in December. This affects rates on consumer products like car loans, but although there was a significant change in the fed rate over 2024, intere...
View 2023 Air Details Starting at $88,900 · 9/10COLLAPSE 2025 BMW i4 9.5 /10 C/D RATING Starting at $53,975 EPA Est. Range 267–318 miles C/D SAYS: With a variety of power options, decent range, and a quiet, comfortable cabin, the i4 is a purposeful sedan that just happens ...
Given these advantages, PHEV/EREVs have seen a compound annual growth rate (CAGR) of approximately 104% in China between 2020 and 2024 (vs. 55% for BEVs). This trend is similar in the US—albeit on a very small base, and the gap in growth rates is less extreme. In the EU, this...
medical, charitable, or moving purposes. You can either use the IRS’s standard rate or deduct actual costs, but you need to keep accurate records to ensure the deductions are legitimate. Personal mileage, such as commuting to work, is not deductible. Always keep detailed documentation ...