Only if you own business and use it for that purpose. Otherwise no.
2007-01-10 12:11:53
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answer #1
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answered by Caroline2 1
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You cannot deduct the mileage going to your place of business, but you can deduct the mileage that you use beyond that. Say for example you live 10 miles away from your place of work and you used your car that day to conduct business totaling 50 miles, you would be able to deduct 30 miles. The total driven minus the distance between your home and work place traveling there and home. My husband works construction and we go through this every year.
2007-01-10 14:01:47
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answer #2
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answered by w2kaad 3
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For mileage, you can deduct either the current federal mileage allowance or actuall expenses (business use only), either one less what you received as mileage reimbursement. The car allowance does not figure into what you are allowed to deduct.
2016-05-23 07:41:10
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answer #3
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answered by ? 4
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I am assuming, when you say "my job," you mean a W-2 employee-type job. If you were an employee of someone throughout the year, as opposed to an independent contractor (self-employed), your commuting mileage to and from that W-2-type job is NOT DEDUCTIBLE.
The federal tax code is so structured as to reward those who are in business for themselves. Independent contractors satisfy about nineteen (19) different "tests" to distinguish their daily work activity from that of a W-2 employee: one of which is, they are free to schedule their own work hours. Another of which is, they are free to market their services or goods to other client companies at any time. Another of which is, they withhold their own federal income tax, self-employment tax (in lieu of 15.3 percent Social Security tax), state income tax and local income tax, if applicable. Another of which is, they purchase and maintain their own general liability and Workers' Compensation insurance policies, as the laws of their state may require. They hold and keep in good standing, any required business licenses and/or tradesman licenses required in their line of work. They are free to perform the contracted work as they see fit, without direct supervision. They are free to recruit and train their own helper(s) as they see fit, to assist them in completing the contracted work. They have a liberal amount of control over their working conditions. They submit invoices of their own, to the client company, in order to be paid for their work -- more detailed and businesslike than merely a "time-sheet."
In addition to being an independent contractor, it is also essential that a logbook have been accurately kept each working day throughout the calendar year, documenting which amounts of mileage were for business purposes, in order to separate them from amounts that were for anything else. When in doubt, the I.R.S. assumes the miles were personal ("everything else") miles, and the deduction is disallowed. Columns on each page for date, starting odometer reading, ending odometer reading, purpose of trip, and miles traveled for the trip, will need to have been delineated, as a minimum, for all of your business mileage, as a self-employed person.
2007-01-10 12:50:39
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answer #4
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answered by JackN 3
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Driving to and from the job is called commuting expense, and it is not deductible.
2007-01-10 12:22:38
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answer #5
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answered by Judy 7
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