maglib
Level 10

Deductions & credits

Please be more specific.  

your home and office you get no deduction for that transportation.  you only get the cost that is documented and in writing to the client.  That would be either for actual or for a set mileage amount. Most would go with the set standard mileage rate tables the IRS provides.  TT will do this calculation for you.

Depending on if this is for rentals or self employment, in TT interview will guide you through the interview and ask you about the type of vehicle to decide if you would choose to use the standard mileage rate or actual costs incurred. You will also need toll receipts, parking receipts, etc.  For business the standard rate is 56  cents per mile for business miles driven, 16 cents per mile driven for medical* or moving purposes,  14 cents per mile driven in service of charitable organizations.

 

I hope this was helpful.

**I don't work for TT. Just trying to help. All the best.
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I am NOT an expert and you should confirm with a tax expert.