![]() KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. In addition to providing the standard mileage rates, Notice 2023-3 provides the amount taxpayers must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that may be used in computing the allowance under a fixed and variable rate (FAVR) plan.įor an automobile the taxpayer owns and uses for business purposes, 28 cents of the 65.5 cents per mile rate in 2023 is attributable to depreciation expense (up from 26 cents per mile for 2022). 14 cents per mile driven in service of charitable organizations (no change from 2022).22 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces (up from 18 cents per mile for 2022) (the deduction for moving expenses has been suspended for taxpayers other than active-duty members of the U.S. ![]()
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