Standard Mileage Method

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Definitions
Mileage (Tax)
Mileage Tax Deduction Standard Mileage Method Business Use of Vehicle Tax Deductions IRS Regulations Transportation Expenses
Mileage (Tax) refers to the deduction that taxpayers can claim for the business use of their vehicle, either by using the actual expenses method or the standard mileage rate method.
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Definitions
Standard Mileage Method
Standard Mileage Method Automobile Business Expense Tax Deduction IRS Mileage Rates Business Travel Medical Travel Charitable Mileage Transportation Taxation
The Standard Mileage Method permits an automobile business expense deduction based on a standard mileage rate. It allows taxpayers to deduct a specific amount per mile driven for various purposes.
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