turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

KausBose
New Member

Tax strategy for work vehicle.

I will be getting a vehicle allowance as a part of my job. The car allowance will be taxed as ordinary income to me. I travel to a different location for work and my company pays for the flight and the hotel stay at the job site. Now since they are providing me with a car allowance, what is the best way to get a tax write-off. If I rent a vehicle from the airport, can I write off the whole rental, gas and insurance? Or is it better to buy a dedicated vehicle (or lease it) and then I can write off the gas, insurance and vehicle amount. I appreciate you all taking the time to respond.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
rjs
Level 15
Level 15

Tax strategy for work vehicle.

If you are an employee (you get a W-2) you cannot deduct any job-related expenses, including car expenses. It doesn't matter whether the expense is rental, lease, or purchase. The tax law that was passed in 2017 eliminated the deduction for job-related expenses for years 2018 through 2025.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies