Expense Calculation

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August 31, 2024 3 min read Definitions
Standard Mileage Rate: Simplified Vehicle Expense Deduction
Finance Taxes Accounting Vehicle Expense Deduction IRS Business Travel Tax Deduction Expense Calculation
The Standard Mileage Rate is a simplified method for calculating vehicle expense deductions based on a fixed rate per mile driven for business purposes, established annually by the IRS.
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