‘wear and tear’ Tagged Posts

tax deduction?

if vehicle was put into use 11-1-05 does it sound too drastic claiming 17500 business miles for the job of Roadside assistance? i have records, i thin...

 

if vehicle was put into use 11-1-05 does it sound too drastic claiming 17500 business miles for the job of Roadside assistance?
i have records, i think i stretched it…but there was times on my job that i would go 20+ miles and not get the call so therefore it is not "technically" on record…but that is wear and tear on my vehicle, gas, tolls, etc. I feel that just because of those many many incidents that 17500 is a fair number.

Filing taxes and personal vehicle usage?

 

My husband uses his truck 99% for business. He drives all day long. The previous 2 years I used the mileage deduction and figured his actual business mileage to be deducted.The company pays for his fuel. This year, his company is doing something funky with reporting that cost of fuel. If they are paying for his fuel, isn’t he still able to use the mileage deduction? Mileage is not the same as doing the actual expense deduction. Mileage is "wear and tear" and "depreciation" on your vehicle. No one I work with knows. People need to understand taxes better.

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