You will not get a dollar for dollar reimbursement for your
vehicle expenses, but rather a reduction of taxable income.
For instance, if you are in the 28% tax bracket, your $6,000 in
expenses may net you roughly $1,700 as an increase in refund or reduction in tax due.
To deduct unreimbursed employee business expenses, you must:
1. Itemize deductions (ie.
Medical, mortgage interest, property taxes, charitable giving, ect) must
exceed your Standard Deduction.
2.
If you itemize, your deduction is limited to the extent that it exceeds
2% of your Adjusted Gross Income.
For example, if you itemize your deductions
and your Adjusted Gross Income is $50,000, 2% would equal $1,000
You can only deduct the dollar amount that exceeds $1,000-in your case, $5,000
