You are allowed to deduct your mileage (54 cents for 2016) and other job expenses,
subtracting what you were reimbursed (do not subtract your
reimbursement if it was included on your W-2 as taxable income). TurboTax
completes form 2106, which then carries to Misc itemized deductions on
Schedule A. The problem with this is that you only get to deduct that portion
of your misc deductions that exceed 2%
of your AGI. and then only if your total
itemized deductions exceed the standard deduction. (2% rule explained:
https://ttlc.intuit.com/questions/2902781-what-is-the-2-rule)
If you go to 2 or more job
sites in a single day then the 2nd trip is deductible as an employee expense.
For example you leave home drive 5 miles to the 1st job then drive 10 miles to
the 2nd site. At the end of the day you drive 15 miles home. Only the 10 miles
between jobs is deductible. The first trip in the morning, from home and the
last trip at night back home are considered commuting and are not deductible.
In TurboTax, enter at:
Federal Taxes Tab
Deductions & Credits
I'll choose what I
work on
-Scroll down to:
-Employment Expenses
-- Job related expenses
