turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I charge clients for miles over a certain distance do I deduct that from my income or from my overall mileage.

I have miles that I charge clients for.  Do I deduct that from my income or from my overall mileage?

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

I charge clients for miles over a certain distance do I deduct that from my income or from my overall mileage.

You include the income you charge for mileage and then you claim the mileage as a vehicle expense.

I charge clients for miles over a certain distance do I deduct that from my income or from my overall mileage.

Thank You

I charge clients for miles over a certain distance do I deduct that from my income or from my overall mileage.

You report all your gross income, no matter what you put on the invoice to justify it.

 

Separately, you can deduct vehicle mileage for work-related travel and transportation (if you are self-employed) according to the rules in IRS publication 463, regardless of whether you billed separately for it.

https://www.irs.gov/pub/irs-pdf/p463.pdf

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question