Possibly.
If the mileage reimbursement was less than the IRS rate of .54 per mile or if the mileage was included in the income on your W-2, you will be able to deduct some mileage expenses.
If your employer excluded the money paid for mileage
reimbursement from your W-2, you can deduct the difference between the
deduction allowable under the IRS standard mileage rate and the amount that
your employer paid in reimbursements.If the money paid for reimbursements was
included in your W-2 income, you can deduct all of your mileage. The W-2 should
have the amount reimbursed in box 12 with code L if the reimbursement was
excluded from income, but you may also want to ask your employer.
To enter the mileage in TurboTax, do the following:
- Go to the Federal Taxes (or Personal in TurboTax
Home and Business) TAB.
- Click on the Deductions and
Credits SubTAB
- Click on the option “I’ll
choose what I work on”
- Find the section labeled
“Employment Expenses”
- Click start or update on the
line for “Job Related Expenses”
- Answer yes and hit continue.
- Answer the subsequent questions
until you reach the screen labeled “Any Vehicle Expenses or Sales?”
- Answer the remaining questions, and, if needed, add the
amount for reimbursements.
