2007-01-17 14:43:07 · 11 answers · asked by C Z 2 in Business & Finance ➔ Careers & Employment
nope sorry.
2007-01-17 14:45:56 · answer #1 · answered by Anonymous · 0⤊ 1⤋
NO, if the company pays for your gas you can not deduct the mileage. You can however deduct repairs, tires, etc. All of this however will be based on the percentage the vehicle is used for business. 20% then only 20% of the expense.
2007-01-17 14:53:31 · answer #2 · answered by Lani C 2 · 0⤊ 0⤋
No, you have to itemize the deductions on the truck.... deduct the cost of maintenance,depreciation, tolls, parking and other incidentals, but since you don't cover all the expenses 100%, you cannot use the mileage deduction !
2007-01-17 14:48:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you're being paid to tension, so the 15 cents consistent with mile isn't a refund, that's a factor of your wages. Or, that's how that's going to be taken care of. i might cope with the gas taking part in cards as reimbursement. then you truly paintings the finished 40 8 cents consistent with mile, plus parking and tolls. From this quantity deduct your gas taking part in cards. try this on sort 2106 while you're an worker, or schedule C while you're issued a 1099. shop song of all gas purchases made with the gas taking part in cards. After taking costs you would be working for not something plus donning out your automobile.
2016-10-07 08:01:36 · answer #4 · answered by regula 4 · 0⤊ 0⤋
Yes.
In fact, you can buy a "motorist's operating record" book that you can use to record all of your vehicle related expenses. You must keep records of your expenses, and the ratio of your personal v/s company driving. You should be able to deduct a portion of ALL your expenses (at the percentage of the company driving) EXCEPT for gas, as they compensate you for this now.
You should be able to get one of these books where commercial truckers go, or perhaps at a book store.
The ones I use are just a booklet, and cost less than a dollar.
2007-01-17 14:55:38 · answer #5 · answered by Daremo 3 · 0⤊ 0⤋
you sure can. and you can deduct any other expense related to the vehicle, to an extent. you can deduct a certain percentage of any money you put into that truck....
2007-01-17 14:50:10 · answer #6 · answered by jess l 5 · 0⤊ 0⤋
does you insurance Know.? If you get into an accident and the insurance com. finds out they can decline you claim and you could be on your own
2007-01-17 15:08:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes and I think deprecation as well.
2007-01-17 14:47:47 · answer #8 · answered by jackdbail 1 · 0⤊ 0⤋
if you have a good tax gut yes save your reciets.I do.
2007-01-17 14:47:07 · answer #9 · answered by Dew 7 · 0⤊ 0⤋
hell yeah, thats wear and tear on your "tool" of the trade
2007-01-17 14:46:09 · answer #10 · answered by Scot 2 · 0⤊ 0⤋
Yes.....
2007-01-17 14:47:26 · answer #11 · answered by glduke2003 4 · 0⤊ 0⤋