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New Member
posted Jan 21, 2024 4:01:28 PM

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?

 

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3 Replies
Level 15
Jan 21, 2024 4:03:27 PM

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

New Member
Jan 21, 2024 4:06:07 PM

Thank You

Level 15
Jan 21, 2024 4:07:47 PM

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