I'm a pizza man. How do I deduct gas from my income tax?

Question

is it "Form 8903: Domestic Production Activities Deduction"?

Answer 1

Answer: Ex Courier...Just do mileage.

Answer 2

You'll deduct either mileage for the deliveries OR actual car expenses, including gas, on your schedule C, the form where you'll show your income, if you are classified as an independent contractor (they don't take out taxes, and you get a 1099 instead of a W-2).

If you are classified as an employee, then you'd use form 2106, employee business expenses. Warning - you can only deduct unreimbursed employee business expenses if you itemize, and can only deduct the amount that's over 2% of your income.

Answer 3

You would take business use of your vehicle on form 2106 Employee Business Expenses, which feeds to Schedule A Itemized deductions.
You add up all your itemized deductions and if the exceed your standard deduction then use that number on your 1040.
If your employer provides any kind of reimbursement then you must subtract that from your ex pence.

Answer 4

The IRS standard mileage allowance is 48.5 cents per mile this year. If you do not itemize your deductions--and a pizza delivery man is not likely too--you have to eat any difference between what your employer pays per delivery and the actual or allowed cost to you. When you figure in your cost of operating your car on a low wage job, you might decide your employer is getting the better side of the bargain and it is better to work inside the store.

Answer 5

You should keep all of your receipts and keep track of mileage used for your job. It's hard to estimate both of these and you might get audited if you try to guess.