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standard mileage deduction – XtremeCuztoms

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Home / Category: standard mileage deduction

Category: standard mileage deduction

The IRS Increased the Standard Mileage Deduction for 2023

January 22, 2023 admin

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Due to the recent high fuel costs, the Internal Revenue Service has raised the standard mileage deduction for the business use of a vehicle. It means you can recover more of the costs of operating your business vehicles. In 2023, the IRS raised the standard mileage rate for businesses by $0.03. It brings it up…

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Category: standard mileage deduction

The IRS Increased the Standard Mileage Deduction for 2023

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