My work does not offer company vehicles and a personal vehicle is mandatory to work. Also, work requires special insurance coverage for my vehicle, can I write the car insurance off too? If yes, How do I do this?
Also, My work does not offer any mileage reimbursement or any additional incentives for the mandatory use of personal vehicle. I'm in Pennsylvania, if that makes a difference.
You can claim deductible business auto expenses in one of two ways.
How do you use it for work (other than commuting)? Do you travel from job site to job site during the day? What is the special insurance for?
I am social work/ human services. I pick up clients drive them to appointments, schooling, and other community resource/ services. I need special liability insurance because I am required to transport clients.
Below, answer by bwa gives two options for this deduction. You must itemize deductions and your job expenses must exceed 2% of your AGI (adjusted gross income) to count. So if your AGI is $50000, then your job expenses must be at least $1000 and then only the amount that exceeds $1000 is counted.
You can claim deductible business auto expenses in one of two ways.
I have done this it does exceed 2% but seen no difference in my refund. I have to travel 100 miles 52 weeks to pick up stock my job site is only 4 miles round trip away from my house. I am given no money back for my expenses. Please help
Possible reasons for no change in your refund:
1. Your total itemized deductions including these costs don't exceed your standard deduction, so the standard deduction is used, or
2. Your tax liability without the deductions has already been reduced to zero.
Use, including maintenance, repair and insurance of a personal vehicle, as an employee, for traveling back and forth to work is not a deductible expense on your Federal tax return.
However, if you have unreimbursed employee job expenses, you may be able to claim them as an itemized deduction on your return.
Go to Federal Taxes
Click on Deductions and Credits
Click on Explore on My Own
Scroll down to Employment Expenses
On Job-Related Expenses click the start button
It depends. If you use the standard mileage deduction, depreciation is considered as part of the standard mileage rate, and the vehicle is not depreciated separately.
For new and pre-owned vehicles put into use in 2019 (assuming the vehicle was used 100% for business):
See the information in the links below:
Cannot figure out to put the deductions for business use of a personal vehicle.
You posted on a very old thread. So I am going to assume that either you have a business and use your personal vehicle or you are an employee and live in a state that still allows an employee deduction or even possibly have a job that allows the federal deduction.