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pokeywd40
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My company charges me $15 a week for use of company car. amount is reported on line 14 of W2. Can I deduct this amount?

 
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My company charges me $15 a week for use of company car. amount is reported on line 14 of W2. Can I deduct this amount?

No, the personal use of a company car is not tax deductible.  Employee-business related expenses are also no longer deductible under the new tax laws. 

https://www.irs.gov/publications/p529

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My company charges me $15 a week for use of company car. amount is reported on line 14 of W2. Can I deduct this amount?

No, the personal use of a company car is not tax deductible.  Employee-business related expenses are also no longer deductible under the new tax laws. 

https://www.irs.gov/publications/p529

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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