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What is specific gravity?
Net Rental Income
The profit derived from renting out property after deducting all allowable expenses related to the rental activity.
Standard Mileage Rate
The Standard Mileage Rate is a set rate per mile established by the IRS that taxpayers can use to calculate deductible vehicle expenses for business, medical, moving, or charitable purposes.
Travel Costs
Expenses associated with traveling for business, medical, or charitable purposes that may be deductible under certain conditions.
IRS Method
The approach or procedure specified by the Internal Revenue Service for calculating or reporting tax-related information.
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