i get reimbursed by my company .40 per mile. i drove 10,000 miles for work not including...
commute distance which is $1,000 (.10x10,000). this is LESS than 2% of my AGI so according to sched A i CANT deduct the $1,000? is this correct?
Expenses reimbursed by your employer aren't deductible on your tax return. Also, commuting expenses cannot be written off. That said, if your employer reimbursed you 40 cents per mile, that's a dime less than the IRS allowance of 50 cents per (see http://www.irs.gov/newsroom/article/0,, … 48,00.html). BUT, 10 cents times 10,000 is $100. It's highly unlikey that $100 exceeds 2 percent of your AGI, but maybe you could include it with other unreimbursed business expenses and qualified miscellaneous expenses. Just be sure to have proper documentation.
ummm......thanks tax NERD....i must have MISSED that day in MATH class when we were doing our "goes in to's" OR maybe i have a DEFECTIVE calculator but ten cents times 10,000 still comes up as 1,000 on my abacus.....maybe you should stick to journalism....and forget the tax advise.
by gajanis786 7 years ago
A Riddle....A man drove 2,000 miles with his family without knowing he had a flat tire. How come?
by Bellamie 4 years ago
So I have a '92 t-bird and a 2006 taurus, both fords. I actually like the t-bird better than the taurus, except for the fact that the t-bird is in need of another transmission. I lost the overdrive while merging onto the freeway during busy hour, mileage was just barely 138,000...
by successdotnet 5 years ago
Do you need to change engine oil every 3 months?
by mp1107 7 years ago
if i drove 30,000 miles for work then what would i get back?
by Thomas Mitchell 6 years ago
Do you still change your oil every 3,000 miles or 3 months?Many reports say newer cars do not need oil changes as often 3,000 miles or 3 months. How often do you change your oil?
by purnimamoh1982 5 years ago
Is there anyone who gets around 50000 pageviews per day on hubpages?I am curious to know are there hubbers who earn more than 50000 pageviews per day? This is a hypothetical benchmark I have set just to have an idea. I guess there is none.
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