Last Updated: December 20, 2024  Whether you’re self-employed, a business owner, or simply looking to maximize your tax savings, understanding the mileage rates is a key step. These IRS-set rates are not just numbers. They’re your opportunity to save money while staying compliant with tax regulations. In this guide, we’ll break down the mileage rates of the last few years and explore how they apply to business, medical, and charitable travel. You’ll also learn how to choose the right deduction method, keep accurate records, and even uncover strategies for making

Last updated on: Oct 22, 2024 In today’s rapidly evolving world of electric vehicles (EVs), understanding how to properly reimburse mileage is crucial for both employees and employers. This guide will walk you through everything you need to know about electric car mileage reimbursement rates, helping you navigate the complexities of EV compensation with ease. There are many perks of owning an ev besides saving the earth and being cool in the process. Table of Contents The Basics of EV Reimbursement Electric vehicle mileage reimbursement covers the costs incurred by