Can i dideduct the purchase of my car if i had to buy it for work

coopermellissa — Tue, 04 Jun 2019 19:37:28 GMT

I had to purchase a new vehicle when i started working at Gap inc and use my personal vehicle for travel. Can i deduct anything

No, you cannot deduct the purchase of a vehicle. You can...

Vanessa — Tue, 04 Jun 2019 19:37:31 GMT

No, you cannot deduct the purchase of a vehicle. You can, however, claim either a standard mileage deduction or actual expense mileage for depreciation, gas, oil, maintenance, etc. If you use the actual expense method the expenses must be allocated between business and personal use.

These expenses would be reported on Schedule A with your itemized job expenses. Job expenses are deductible for the amount that exceeds 2% of your AGI. You will also need to have total itemized expenses that exceed your standard deduction in order to benefit from itemizing your deductions. The Standard Deductions are as follows based on your filing status:

Single or Married Filing Separately $6,350
Married Filing Jointly $12,700
Head of Household $9,350

You will enter them by doing the following:

Click Federal Taxes
Deductions and Credits
Scroll down click Show More next to Employment Expenses
Click Start next to Job-Related Expenses
You will be asked if you have any auto/vehicle expense. Select yes and continue through to enter your mileage and expenses. TurboTax will help you decide which method (actual expense or standard mileage) will benefit you most.

Commuting expenses are not deductible.

SweetieJean — Tue, 04 Jun 2019 19:37:33 GMT

Commuting expenses are not deductible.

topic Can i dideduct the purchase of my car if i had to buy it for work in Get your taxes done using TurboTax

Can i dideduct the purchase of my car if i had to buy it for work

No, you cannot deduct the purchase of a vehicle. You can...

Commuting expenses are not deductible.