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Message
2
Posted on 2/21/13 at 1:32 pm to kbro
If you're getting a gas card that your company pays for, I wouldn't even worry about it.
Posted on 2/21/13 at 1:36 pm to kbro
you're not allowed to deduct business mileage that you are reimbursed for (or given a gas card for).
Example:
I drive 250 miles a month for business purposes that are not reimbursed by my employer. I would keep a log of those miles and claim them as an unreimbursed expense come tax time.
Example 2:
I drive 250 miles a month for business purposes but I get a corporate gas card to pay for the gas then I am not allowed to claim the mileage as a deduction.
You said you get a car allowance and a gas card? I'm assuming that the car allowance is a cash payment you get and the gas card just pays for the gas you put in every time you fill up.
Example:
I drive 250 miles a month for business purposes that are not reimbursed by my employer. I would keep a log of those miles and claim them as an unreimbursed expense come tax time.
Example 2:
I drive 250 miles a month for business purposes but I get a corporate gas card to pay for the gas then I am not allowed to claim the mileage as a deduction.
You said you get a car allowance and a gas card? I'm assuming that the car allowance is a cash payment you get and the gas card just pays for the gas you put in every time you fill up.
This post was edited on 2/21/13 at 1:37 pm
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