Drivers can improve their car’s fuel efficiency by changing their driving habits and maintaining proper car maintenance. This includes avoiding aggressive driving, speeding, and maintaining proper tire inflation. Using cruise control and investing in a tailgate net for pickup trucks can also improve gas mileage. Hybrid and alternative fuel cars offer significant improvements in overall […]
Increase gas mileage without driving less: tighten gas cap, pump up tires, maintain car, clean out trunk, mix acetone with gas, limit AC use, and walk more. If you’re like most drivers, you’re probably looking for a way to increase your gas mileage and save money. While driving less may seem like an obvious answer, […]
Hybrid cars use a combination of a gasoline engine and an electric motor to save fuel and reduce emissions. There are three types of hybrid cars: series, parallel, and series/parallel. Hybrid technology is still developing, but hybrid cars are currently the most efficient and cleanest vehicles on the market. There are cars on the market […]
Adding acetone to gasoline to increase mileage is a claim found on internet bulletin boards, but it has not been scientifically verified. Acetone is a solvent that can strip paint and damage engine components. The oil companies and automobile manufacturers do not recommend the practice, and there is no evidence that it works. Anecdotal evidence […]
Employers can reimburse employees for using their personal vehicles for business purposes, following government rules and tax codes. The reimbursement can be deducted as a business expense on the employer’s tax return, or as an unreimbursed business expense on the employee’s personal tax return. A travel log must be maintained for reimbursement. If your employer […]
Mileage reimbursement is when an employee is reimbursed for using their personal vehicle for business purposes. The reimbursement rate is usually based on government guidelines and employees must provide accurate accounts of their business miles. The US government may allow a tax deduction for businesses or individuals who use automobiles for business purposes. Travel from […]
Business owners and employees can claim a mileage deduction on their taxes for certain gas charges. Accurate records of business-related miles driven and receipts for gas purchases are important. Deductions can be claimed for trips to seminars, client meetings, and other business-related outings, as well as trips to the bank, post office, and business-related supply […]
A mileage rate is a way of expressing the property tax rate based on the value of the property. It is calculated by dividing the sum into thousandths and is used in property tax assessments. The tax is based on the value of the real estate and is classified as an ad valorem tax. The […]
Employees may receive reimbursement for using their personal vehicle for business purposes through mileage reimbursement, which is often based on government guidelines. Employers may use standard mileage rates or set their own rates. Reimbursement is usually calculated by multiplying the number of company miles driven by the reimbursement rate. Home-to-work travel is typically not reimbursable. […]
A mileage deduction allows business owners and employees to waive certain gas expenses on their taxes. To participate, the owner must calculate business miles traveled and multiply them by the standard deduction rate. Keeping accurate records is important, and software programs can help. Deductions can be claimed for trips to seminars, client meetings, and other […]
