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Automobile Deduction and Benefit Rates: 2024 Limits Released

Automobile Deduction and Benefit Rates: 2024 Limits Released

Various automobile deductions and taxable benefit rates are limited to amounts prescribed by the Department of Finance annually. On December 18, 2023, the 2024 limits were announced as follows: The limit on the deduction for non-taxable allowances paid by an employer...
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