Monday, May 24, 2010

Where do I claim the tax deduction for driving between different and seperate jobs in a single day?

I know the mileage between seperate jobs is tax deductible, but where do I claim it?

Where do I claim the tax deduction for driving between different and seperate jobs in a single day?
You'd put it on a form 2106, and the number from the bottom of that goes onto a schedule A. If you don't itemize, then you don't get the deduction.
Reply:It is deducted on Schedule A of your 1040, if you are able to itemize your deductions. It goes under job expenses and other miscellaneous deductions, which are subject to 2% limitation. This means that expenses in excess of 2% of your Adjusted Gross Income (AGI) are deductible. You may need to fill out form 2106 to calculate the deductible miles, and associated expense. If you are not able to itemize, then by taking the standard deduction, your milage is basically included in it.
Reply:Look under transportation.

petal

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