gas reimbursement?

Question

im pizza delivery driver my company doesnt pay for gas reimbursement, i was told that i could claim my gas mileage from my boss which was 12000 miles on my taxes, i paid in 600 to federal which i got back but i would get it back nornally anyway because of my other deductons, hr block said i had 5500 in deductions but couldnt use it ,it would nice to get some money from someone for gas and wear and tear on vehicle ,is there anything i can do?

Answer 1

You don't use a Schedule C, unless you were not considered an employee, you use a Form 2106 (Employee Business Expenses) which goes on the Schedule A. So the H & R Block tax preparer had it correct.

Unfortuantely, there is no other recourse besides that form for employees.

Answer 2

If you got a W-2, you are considered an employee. Employee business expenses are only deductible if you itemize, and to do that, your deductible expenses would have to be more than your standard deduction.

If you are considered an independent contractor, then you would have gotten a 1099 instead of a W-2. Then you could take the expenses, but would have to pay a self-employment tax so might end up costing you more overall.

Answer 3

usually you would be able to take the standard mileage allowance for business miles. if you had 12,000 business miles x .445 cents (federal rate) you would get $5,340. this amount would have to exceed 2% of your AGI in order to be deductible. this federal standard mileage rate takes into account gas, insurance, wear-and-tear on the vehicle.

perhaps H&R Block used the "actual expense" method and used your actual expenses for insurance, repairs, parking, etc. if so, then you would not be able to also claim the standard mileage rate. im assuming this is what happened and they came up with $5.500 of deductions which was more beneficial.

either way, if you paid in $600 and received this all back, there really isnt more for you to get.

Answer 4

From the information provided, No there is nothing more you can do. Your deductions/expenses can only reduce your tax liability to zero (meaning you can only get back all of what you have paid in) - - which seems to be the case for you.
The government is not going to give you extra money because you have additional expenses due to your job.
You could be eligible for earned income credit, but that would depend upon your age, dependents and total earned income.

Answer 5

Baghdade08 did no longer subject to truthfully study the internet web site he used as a source. Vip is sturdy. it is not a "minimum fee." and it is not any longer gas repayment such as you assert that's. that's a tax deduction on the top of the three hundred and sixty 5 days. I do the comparable each and each 3 hundred and sixty 5 days, deliver off a checklist of what number miles I drove for paintings. They do the mathematics, ascertain what you're entitled to, and now and back you spot a number of the a reimbursement. yet your enterprise does not could do something with reference to a minimum fee on your holiday. in any respect.

Answer 6

did they fill out s schedule C. Of course you can deduct a second job and the expenses. You will be better off with the mil age deduction rather than actual expenses. SEE an accountant
most of the people at H&R don't know any thing they are seasonal and just fill in turbo tax questions you could do that