My new job offer requires me to be in the field about 50% of the time, using my own vehicle. Is .34 per mile a fair offer? Will I be able to deduct the difference between the .34 and what is the standard mileage deduction allowed by the IRS?
2007-01-28 06:25:59 · 4 answers · asked by J A 1 in Business & Finance ➔ Taxes ➔ United States
The IRS number is a lot higher than that, 44.5 cents a mile this year. Yes, you could deduct the difference if you itemize - you'd have to reduce your total employee business expenses by 2% of your income first, though.
2007-01-28 06:32:53 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
It seems fair to me but it really depends on the car you drive and what kind of gas mileage you get. Figure out how much each mile costs you in gas, and then also factor in the estimated cost of added wear and tear and maintenance to your vehicle because of so much additional driving and judge for yourself. But $.34-.37 seems like the standard. Sorry, I'm not sure about the IRS question, but you could try looking it up at irs.gov
2007-01-28 06:35:21 · answer #2 · answered by aimeedarling19 2 · 0⤊ 0⤋
It depends on your daily plan expences that is their own capability
and if you know the money is too much or too small ,try and get a job that suit your purposes.
2007-01-28 06:32:51 · answer #3 · answered by sainfa 1 · 0⤊ 0⤋
close
2007-01-28 08:16:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋