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taxes question!

firstbase1515firstbase1515
in Trouble in Paradise

I have a sales rep job and manage a territory. For this job I went and purchased a vehicle. I also have mileage everyday that I am not getting paid for, they pay me after the first 60 miles.

So I have been hearing from co-workers I can claim the 60 miles daily and my car. Is this correct?

 

TIA

Stephanie

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Re: taxes question!

  • cmeinlacmeinla member
    Fifth Anniversary Combo Breaker
    The ladies here are pretty smart, so they may be able to help you, but I would also recommend xping to Tax Talk, just in case.
    Warning No formatter is installed for the format bbhtml
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  • fussbucketfussbucket
    Um, DTMFA?
    Report Reply
  • DamikDamik member
    Ancient Membership 2500 Comments

    imagefussbucket:
    Um, DTMFA?

    I think counseling would help.

    Report Reply
  • cmeinlacmeinla member
    Fifth Anniversary Combo Breaker
    imageDamik:

    imagefussbucket:
    Um, DTMFA?

    I think counseling would help.

    This.  And a baby.

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  • ESDReturnsESDReturns member
    Fourth Anniversary
    irs.gov should be able to answer any questions you have. If not, I would suggest talking to a CPA. You might be able to deduct your mileage but I'd be very surprised if you could deduct your car.
    image "Evolutionary game theorists...ignoring beebees on the nest since 2005"
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  • broccolitreebroccolitree
    imageESDReturns:
    irs.gov should be able to answer any questions you have. If not, I would suggest talking to a CPA. You might be able to deduct your mileage but I'd be very surprised if you could deduct your car.
    Yep. From my experience you can usually deduct X as long as you use it for solely business.  We can't really claim part of the mortgage on H's home office because he uses the space to play video games and his drums after hours, for instance... though even if we were to claim it, the standard deduct gets us more cash anyway.
    Baby Birthday Ticker Ticker
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  • DaringMissDaringMiss member
    Ancient Membership 2500 Comments 25 Love Its First Answer
    imagecmeinla:
    imageDamik:

    imagefussbucket:
    Um, DTMFA?

    I think counseling would help.

    This.  And a baby.

    A baby is a great tax deduction. 

    Report Reply
  • firstbase1515firstbase1515

    Glad to see the snarkyness is still alive...

     

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