237660
I use my personal car for the deliveries. The travel allowance received is reported on my W-2. Is there any way I can claim travel expenses to reduce my taxable income?
You'll need to sign in or create an account to connect with an expert.
No. The deduction for job expenses was eliminated, staring in 2018.
Even in the past, the deduction was only an itemized deduction subject to the 2% of AGI threshold.
You may want to talk to your employer about switching you to an "accountable plan" for expense reimbursement (it does not get added to your W-2 as taxable income), instead of a fixed allowance. On the other hand, if the allowance is generous, you may be better off paying taxes on it.
No. The deduction for job expenses was eliminated, staring in 2018.
Even in the past, the deduction was only an itemized deduction subject to the 2% of AGI threshold.
You may want to talk to your employer about switching you to an "accountable plan" for expense reimbursement (it does not get added to your W-2 as taxable income), instead of a fixed allowance. On the other hand, if the allowance is generous, you may be better off paying taxes on it.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
bilmarmur
New Member
helloerinamanda
Level 1
dvrjtc
New Member
Mendell
New Member
stacey9554
Level 2