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Old 11-10-2015, 10:58 AM
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Buisness vehicle tax deduction question

I work for a large multinational company. As part of my job I'm issued a company car. In order to be at my first jobsite at 8am I have to take the vehicle home with me. I'm charged $120 a month for 600 personal miles which comes out of my paychecks.

By my company's definition from my home to my first jobsite is personal miles, and from my last jobsite home is personal miles. I'm going over my 600 aloted personal miles a month simply commuting to and from my first and last job sites and am charged 17 cents per mile in addition to the $120 when I go over.

My question is can I deduct this ($120 + 17 cents/mile) from my income on my federal taxes? I have records of all my stops from home to job sites and vise versa.



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Old 11-13-2015, 08:59 AM
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By my company's definition from my home to my first jobsite is personal miles, and from my last jobsite home is personal miles. =>>CORRECT NONDEDUCTIBLE expenses ON YOUR RETURN.

I'm going over my 600 aloted personal miles a month simply commuting to and from my first and last job sites and am charged 17 cents per mile in addition to the $120 when I go over.

My question is can I deduct this ($120 + 17 cents/mile) from my income on my federal taxes? I have records of all my stops from home to job sites and vise versa.======>I do not think so;. In order to claim a deduction for business use of a car or truck, you must have ordinary and necessary costs related to traveling from one work location to another within your tax home area. In general, the tax home is the entire city or general area where your main place of business is located, regardless of where he or she resides; Visiting your customers. Or attending a business meeting away from the regular workplace. And getting from your home to your temporary workplace when you have one or more regular places of work. These temporary workplaces may be either within or outside your tax home area.



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