2007-02-10 01:37:29 · 6 answers · asked by Dana N 1 in Business & Finance ➔ Taxes ➔ United States
As an employee -
Tolls are deductible if they are incurred during business travel. If your company has a policy that they will reimburse you you cannot take the deduction just because you neglected to seek reimbursement and it is now too late.
Deductible employee business expenses are computed on form 2106 and then flow to Schedule A as a 2% miscellaneous itemized deduction. If you incur the tolls in the ordinary commutation to work you cannot deduct them.
If you own a business you would deduct them on schedule c.
2007-02-10 01:43:58 · answer #1 · answered by smh60437 3 · 0⤊ 0⤋
If the tolls are paid as part of your commute from home to work and back, no they are not deductible. If you are doing business travel during the day, or if the travel is part of a business that you own, then yes they are.
2007-02-10 10:31:51 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Unreimbursed tolls that are paid while you are performing your job may be deducted as unreimbursed employee expenses subject to a 2 1/2 percent floor. If you use your vehicle in your job you may claim actual vehicle expenses(including tolls) as a deduction. You need to keep very good records of this. If the tolls are paid outside of your job duties, they are not deductible.
2007-02-10 01:43:42 · answer #3 · answered by cinsingl83 3 · 0⤊ 0⤋
In general, no you cant.
However, you can deduct tolls related to your job as long as they are not reimbursed, as part of your total medical deduction, charitable contributions, and as a business deduction.
2007-02-10 03:46:45 · answer #4 · answered by Steve 6 · 0⤊ 0⤋
You can also deduct tolls, as-well-as mileage and parking fees incurred as part of volunteer work. It goes on Schedule A.
2007-02-10 07:22:09 · answer #5 · answered by anr 3 · 0⤊ 0⤋
To the extent that you can deduct travel expenses for work.
2007-02-10 01:41:45 · answer #6 · answered by MeanKitty 6 · 0⤊ 0⤋