The
standard mileage rate is a fixed amount that the IRS allows taxpayers to deduct for each mile driven while conducting business or traveling for charitable purposes.
Full definition
Synonyms for individual words can be found below.
«standard»
«mileage»
«rate»
Sentences with «standard mileage rate»
- Before we kick things off, it's important to understand if you're going to make deductions based on standard mileage rates or actual expenses. (policygenius.com)
- The 2015 standard mileage rate for auto expenses was 57.5 cents per mile. (money.stackexchange.com)
- The expenses of a personal car or truck used for business can be deducted in one of two ways: claiming actual costs or relying on an IRS standard mileage rate. (inc.com)
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sentences)