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Similar questions: jobs deduct mileage tax return commuting job.
You may claim the deduction for mileage on Form 2106 or 2106-EZ, provided you itemize your deductions on Schedule A You may deduct $0.485 for 2007 ($0.505 in 2008) per business mile when you commute from one job to another. You deduct this on Form 2106 or Form 2106-EZ (you can use the EZ form if you did not receive any reimbursements from your employer). You can also deduct other business-related expenses on this form (such as tools, work-related education costs, etc.).
You then carry the total expenses from Form 2106/2106-EZ to Schedule A line 21. Note that these are considered "miscellaneous itemized deductions" and the total of employee business expenses, tax preparation fees and fees for the production of income (i.e. Safe deposit box rent, etc. ) must exceed 2% of your income.
An example: You earn $50,000 and it is your sole source of income. You drove 1000 miles commuting from one job to another. You also paid 150 to have your taxes prepared and had no other miscellaneous itemized deductions.
Your mileage deduction on Form 2106-EZ is $485 and that carries over to Schedule A line 20. Your tax preparation fees plus mileage equals $535. 2% of your income is $1000.
Because your miscellaneous itemized deductions are less than 2% of your income non of the misc. Deductions save you any money on your taxes. Final note... every year I have clients come in with an audit notice from the IRS on this deduction.
It is important to keep a detailed mileage log of the use of your vehicle for business purposes. Make an effort to maintain the log at least weekly. Links: Form 2106 http://www.irs.gov/pub/irs-pdf/f2106.pdf Form 2106-EZ http://www.irs.gov/pub/irs-pdf/f2106ez.pdf Schedule A http://www.irs.gov/pub/irs-pdf/f1040sab.pdf Form 2106 Instructions http://www.irs.gov/pub/irs-pdf/i2106.pdf Best of luck and happy holidays.
Sources: 15+ years experience as a tax pro | www.irs.gov TaxProInMass's Recommendations J.K.Lasser's Your Income Tax 2008: For Preparing Your 2007 Tax Return (J.K. Lasser) Amazon List Price: $17.95 Used from: $10.99 J.K. Lasser's 1001 Deductions and Tax Breaks 2008: Your Complete Guide to Everything Deductible (J.K.Lasser) Amazon List Price: $17.95 Used from: $8.75 .
The respon3e that said no and cited the appropriate IRS publications is not complete. There is a nce chart in PUB 463 for 2010 returns- Figure B page 14. "If you work at two places in one day, whether or not for the same employer, you can deduct the expense of getting from one workplace to the other."
There are exceptions if you do not go directly, if you go to part time job on a day off from the regular job, and you cannot deduct the mileage to go home in any case.
Yes the mileage between the 1st and 2nd job is deductible on schedule a.
Commuting for a job?" "I'm an in-home care provider and live with the recipient. I have a regular job. Can I deduct my mileage going to work?" "Can I deduct the mileage to and from daycare before and after work?
Can I if self employed? " "LAST YEAR I CHOSE TO DEDUCT MILEAGE EXPENSES INSTEAD OF ACTUAL EXPENSES AND WHEN I TRIED TO ENTER THE MILEAGE THIS YEA" "I already deduct my mileage. Are my car payments tax deductible since I use my personal car for work?
" "If I conduct business from my side job at my normal job workplace, can I deduct mileage. " "I choose to hold 2 jobs with the same employer. Are they required to reimburse mileage when I go from my morning job at" "can you deduct your fica on tax returns.
I'm an in-home care provider and live with the recipient. I have a regular job. Can I deduct my mileage going to work?
Last year I chose to deduct mileage expenses instead of actual expenses and when I tried to enter the mileage this yea.
I already deduct my mileage. Are my car payments tax deductible since I use my personal car for work?
If I conduct business from my side job at my normal job workplace, can I deduct mileage.
I choose to hold 2 jobs with the same employer. Are they required to reimburse mileage when I go from my morning job at.
Similar Questions: jobs deduct mileage tax return commuting job Recent Questions About: jobs deduct mileage tax return commuting job.
You may claim the deduction for mileage on Form 2106 or 2106-EZ, provided you itemize your deductions on Schedule A 485 for 2007 ($0.505 in 2008) per business mile when you commute from one job to another. You deduct this on Form 2106 or Form 2106-EZ (you can use the EZ form if you did not receive any reimbursements from your employer). You can also deduct other business-related expenses on this form (such as tools, work-related education costs, etc.).
You then carry the total expenses from Form 2106/2106-EZ to Schedule A line 21. Note that these are considered "miscellaneous itemized deductions" and the total of employee business expenses, tax preparation fees and fees for the production of income (i.e. Safe deposit box rent, etc.) must exceed 2% of your income.
An example: You earn $50,000 and it is your sole source of income. You drove 1000 miles commuting from one job to another. You also paid 150 to have your taxes prepared and had no other miscellaneous itemized deductions.
Your mileage deduction on Form 2106-EZ is $485 and that carries over to Schedule A line 20. Your tax preparation fees plus mileage equals $535. 2% of your income is $1000.
Because your miscellaneous itemized deductions are less than 2% of your income non of the misc. Deductions save you any money on your taxes. Final note... every year I have clients come in with an audit notice from the IRS on this deduction.
It is important to keep a detailed mileage log of the use of your vehicle for business purposes. Make an effort to maintain the log at least weekly. Links: Form 2106 http://www.irs.gov/pub/irs-pdf/f2106.pdf Form 2106-EZ http://www.irs.gov/pub/irs-pdf/f2106ez.pdf Schedule A http://www.irs.gov/pub/irs-pdf/f1040sab.pdf Form 2106 Instructions http://www.irs.gov/pub/irs-pdf/i2106.pdf Best of luck and happy holidays.
Sources: 15+ years experience as a tax pro | www.irs.gov TaxProInMass's Recommendations J.K. Lasser's Your Income Tax 2008: For Preparing Your 2007 Tax Return (J.K. Lasser) Amazon List Price: $17.95 Used from: $10.99 J.K. Lasser's 1001 Deductions and Tax Breaks 2008: Your Complete Guide to Everything Deductible (J.K. Lasser) Amazon List Price: $17.95 Used from: $8.75 .
Yes. This is a valid tax deduction. At least it was last year.
Congress still hasn't finalized the '07 tax code.
No. You should not deduct the travel cost. I know the tax rules specifically say you can't deduct the cost of commuting between home and work as you point out.
They further state that you can deduct the cost of travel from your primary place of work (e.g. Your office) to a secondary site (e.g. A client's office) if your employer requires you to make this trip and does not reimburse you for your expenses. The test here is that the taxpayer is using his or her own money to complete the job away from the office and for the benefit of the employer. In your case, commuting to a second job is no different than if you commute from home because you are doing it for your own benefit.
IRS Publication 529 covers miscellaneous deductions including unreimbursed employee expenses. irs.gov/publications/p529/" rel="nofollow">irs.gov/publications/p529/ IRS Publication 463 covers travel, entertainment, gift, and car expenses. irs.gov/publications/p463/ Sources: irs.gov/publications/p529/" rel="nofollow">irs.gov/publications/p529/ .
The respon3e that said no and cited the appropriate IRS publications is not complete. There is a nce chart in PUB 463 for 2010 returns- Figure B page 14. "If you work at two places in one day, whether or not for the same employer, you can deduct the expense of getting from one workplace to the other.
" There are exceptions if you do not go directly, if you go to part time job on a day off from the regular job, and you cannot deduct the mileage to go home in any case.
Yes, the same rule applies It is considered commute mileage and you can not deduct it. Sorry.
I already deduct my mileage. Are my car payments tax deductible since I use my personal car for work? " "I'm an in-home care provider and live with the recipient.
I have a regular job. Can I deduct my mileage going to work? " "If I conduct business from my side job at my normal job workplace, can I deduct mileage.
" "Can I deduct the mileage to and from daycare before and after work? Can I if self employed? " "I choose to hold 2 jobs with the same employer.
Are they required to reimburse mileage when I go from my morning job at" "LAST YEAR I CHOSE TO DEDUCT MILEAGE EXPENSES INSTEAD OF ACTUAL EXPENSES AND WHEN I TRIED TO ENTER THE MILEAGE THIS YEA" "can you deduct your fica on tax returns" "Long distance relationships? Commuting for a job? " "TFB Vehicle:Is traveling to job site from home (not office) bus mileage?
Can a portion be considered commuting.
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