Wow! Another boatload of BAD information.
No, you can NEVER deduct ordinary commuting costs. That includes tolls, parking fees, fuel, oil, repairs & maintenance, insurance, depreciation, taxi & bus fares, etc. regardless of the amount.
If you go from your place of business to client sites, that may be deductible. However, the first trip from home to any location and the trip back home at the end of the day are ALWAYS considered non-deductible commuting regardless of the distance.
2007-01-29 21:29:43
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answer #1
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answered by Bostonian In MO 7
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The tolls and automobile expenses to and from your primary place of work are not tax deductible, however if you have a second job, the mileage from you first to your second job and any tolls are tax deductible. My husband had two jobs for over 20 years, and it used to be an annual tax write off for us, and we have proven it through the tax code.
http://work.chron.com/tax-deduction-commuting-miles-second-job-5543.html
2015-10-15 11:52:49
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answer #2
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answered by ? 1
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your cost of commuting to and from work is not tax deductible. however, if you commute to clients' offices you could deduct business travel. you would be entitled to .445 cents per business mile traveled, assuming you are not reimbursed by your employer. this standard mileage rate would take into account gas, insurance, tolls, repairs, depreciation, etc.
2007-01-29 18:35:50
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answer #3
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answered by tma 6
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For federal tax purposes, ABSOLUTELY NOT!
However...
In Massachusetts they allow a deduction in state income for commuting costs paid via Fast Lane or MBTA monthly pass.
2007-01-30 01:49:59
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answer #4
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answered by CMass Stan 6
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Yes, but it qualifies as an itemized deduction. You either get to deduct the standard deduction or the sum of all the itemized deductions that you have, not both. So if your tolls plus other itemized deductions are greater than the standard deduction (I think it's 5,150 for singles and 10,300 for maried filing a joint return) you should deduct them.
Other common itemized deductions you can only deduct if all your itemized deductions are greater than your standard are, charitable contributions, state municipality income taxes, and mortgage interest, and other unreimbursed business expenses.
Another waring is that as income goes up some deductions are phased out. and some deductions are subject to a threshold so they'll have to be greater than a certain amount before you can deduct them. Consult your tax advisor. Find a CPA stay awar from HR Block type places.
2007-01-29 17:53:31
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answer #5
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answered by Brad S 2
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No they aren't. They're a commuting expense and not deductible. The other responders who say yes are not correct.
2007-01-29 18:02:49
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answer #6
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answered by Judy 7
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It depends.
2007-01-29 17:28:34
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answer #7
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answered by Michael M 1
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Yes they are.
2007-01-29 17:40:00
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answer #8
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answered by manuelmorlote 1
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