If you have to use your personal vehicle to drive the children around, you can claim these vehicle costs as job-related expenses.
Job-related expenses
are subject to the 2% rule and you can only claim the excess over 2% of your
adjusted gross income.
Please note that
Itemized Deductions will only "help" when they exceed your standard
deduction.
For 2017, standard
deductions are:
For a taxpayer under
65, not claimed as a dependent:
- $6,350 for Single
- $12,700 for Married Filing
Jointly, or Qualifying Widow(er) with dependent child
- $9,350 for Head of Household
- $6,350 for Married Filing
Separately
- If you are over 65 or blind,
add $1,250 for each instance or add $1,550 each instance if single and not
a surviving spouse
You can deduct your
job-related expenses by following these steps:
- In TurboTax, open your tax
return
- Click on Federal in the left-hand column, then
on Deductions & Credits on top of the screen
- Scroll down to All Tax
breaks, locate
the section Employment Expenses and click on Show more
- Click Start next to Job
expenses for W-2 Income.
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