The standard mileage rate for 2025 is 70 cents per mile, up 3 cents from 2024’s rate of 67 cents per mile. 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 ...
Per diem is a daily stipend that traveling employees receive in addition to regular pay. Learn more about legal requirements here.
By Nicole Madison Nicole Madison's love for learning inspires her work as a WiseGeek writer, where she focuses on topics like homeschooling, parenting, health, science, and business. Her passion for knowledge is evident in the well-researched and informative articles she authors. As a mother of...
The 2024 student loan interest deduction is gradually reduced if your modified adjusted gross income exceeds $80,000 ($165,000 for joint filers). Changes to the law and adjustments for inflation can affect the tax deductions you can claim from one year to the next. ...
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.
What is 2024 China′s Cheap Electric Tricycle Closed Model for Passenger Tricycle, XT-1 manufacturers & suppliers on Video Channel of Made-in-China.com.
Knowing your mileage is necessary for choosing the right car, spottingodometer fraud, and scoring insurance discounts.How many miles does the average person drive a year? According to the FHWA (Federal Highway Administration), the average American racks up around13476 miles per year. It equates ...
The combined cost to the Treasury of keeping these two measures in place in 2025-2026 will be £3bn, but the decision not to remove them is "to support hard-working families and businesses", according to the Chancellor. Removing the measures would have put the fuel tax rate back up to...
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 ...
uses a personal car on a business trip, they will be reimbursed according to the IRS mileage reimbursement rate. This is an optional rate used to calculate thedeductiblecosts of operating a vehicle for business purposes. For 2025, the rate is 70 cents per mile, up 3 cents from 2024. ...