Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
ellentylerberger
New Member

My husband and I put a lot of miles on our vehicles since we both travel for work, however I feel it barely impacted our numbers. Help!

I put my milage in the Business section since I own my business (15,987 miles). My husband's miles were associated with his w-2 so they are in personal since he's not reimbursed for his 22,286 miles. Should we have put these in different places?
1 Best answer

Accepted Solutions
Zbucklyo
Level 9

My husband and I put a lot of miles on our vehicles since we both travel for work, however I feel it barely impacted our numbers. Help!

In your case, assuming you took the standard mileage expense of $0.54 per mile, this would have lowered your business income by $8,584, which most likely had a significant impact on your tax return.  Since your husband is an employee, his business miles should be treated as an unreimbursed employee business expense, and as such only the employee business expenses above 2% of your adjusted gross income are added to your itemized deductions.  Depending on your AGI and other itemized deductions, there may be little or no tax benefit from his mileage.

View solution in original post

1 Reply
Zbucklyo
Level 9

My husband and I put a lot of miles on our vehicles since we both travel for work, however I feel it barely impacted our numbers. Help!

In your case, assuming you took the standard mileage expense of $0.54 per mile, this would have lowered your business income by $8,584, which most likely had a significant impact on your tax return.  Since your husband is an employee, his business miles should be treated as an unreimbursed employee business expense, and as such only the employee business expenses above 2% of your adjusted gross income are added to your itemized deductions.  Depending on your AGI and other itemized deductions, there may be little or no tax benefit from his mileage.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~