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 ...
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.
“Mileage allowance” is a term used by theInternal Revenue Service (IRS)to refer to the tax deduction available for taxpayers who use their personal vehicles for certain types of travel, including business, medical, charitable, and moving purposes.1The IRS allows taxpayers to deduct a set amoun...
Note: The IRS updates the standard mileage rate annually, so check for the most current rate each year. Fast Fact The standard mileage rate is revised every year by the IRS. For the 2025 tax year, the rate is 21 cents per mile. (For the 2024 tax year, it was also 21 cents per mi...
How the value of United status compares to competitors The value of United status is comparable to other legacy mainline carriers in the U.S., but this value will not be the same for everybody. Our 2025 airline elite status analysis ranks United fairly high compared to its peers when it ...
The 2025 high-low rates include: $319 per day (including $86 for M&IE) for high-cost localities $225 per day (including $74 for M&IE) for CONUS cities Use the rate of $319 per day if an employee is traveling to a high-cost area, like New York City. You can reviewNotice 2024...
By Nishtha Gaur | Last updated on April 17, 2025 | 89857 Views Previous Next Data is the foundation of modern industries, and it is being generated at an unprecedented rate. This data can be used to understand customer behaviour, product values, and market trends. With the help of data ...
What is payroll and how does it work? Learn the basics, see examples, and watch QuickBooks' expert video to understand payroll systems, taxes, and compliance.
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The Internal Revenue Service issued the standard mileage rates to be used to calculate deductible costs of using a car for business, charitable, medical, or moving purposes.