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How do I calculate gas mileage for tax deduction? I work for a dog walking business but drive my own car.? |
I work for a company where they provide me with clients and schedules and I go walk dogs. A) Can I deduct this since I use my car to go to these places? B) Do I calculate from my house to the houses I go to, and then back to my house since I do exactly that - drive from home to the dogs' houses, and then back home? Thank you! Did you get 1099-Misc from your company and filing Schedule C like a self-employed person or do you get W-2? If you are W-2 employee then unreimbursed job related expenses go on Schedule A.You have to do itemize deduction and exceed certain limit before you get any benefit from this deduction. If you are a Schedule C filer, then every dollar for mileage reduces your taxable income. In any case the standard mileage rate is 44.5 cents per mile. Best wishes. yes you calculate it that way. I am not sure if its different from state to state but in TN we get to write off .45 cents per mile The mileage to and from is deductable, ALSO, you can deduct mileage for charitable work. Commuting mileage is not deductible. if you don't have a QUALIFIED home office mileage from home to your first work place is commuting and not deductible. Mileage between work places is deductible. Mileage from last work place to home is commuting also. Before you look for a tax deduction, you should ask your employer to reimburse you for mileage, over and above your salary. If you look for a deduction for "unreimbursed business expenses", then you cannot deduct mileage from home to work, but you can deduct from one work site to the next. Just like if you used your car for delivering pizzas. The rate is set by the IRS, and for 2007 is 48.5 cents per mile. I think A and B should be calculated. |
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