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<blockquote data-quote="Bagels" data-source="post: 1951943" data-attributes="member: 43436"><p>Really bad advice.</p><p> </p><p>First off, you may deduct standard mileage OR actual expenses - not both. That 57.5 cents per mile you're deducting already includes gas, so you can't double-dip. Secondly, the total of your employee business expenses beyond 2% of your AGI add to your deduction. Here's the problem -- the standard deduction will be most beneficial to most PTers, so this won't help. And when it does, it's just going to reduce their federal tax liability. So if you commute 60 miles each day for the 19 days between Thanksgiving and Christmas, you get $650 in standard mileage but only the portion above 2% your AGI will add to your itemized deduction. Even if you could claim all of it, that's a whopping $65 you saved in taxes compared to the $90 you spent in gas. For most PTers, that number is closer to $0.</p><p> </p><p>None of this matters, anyway, since you can't deduct auto for commuting mileage, of which driver helping is considered. </p><p> </p><p></p><p> </p><p>A few years ago the Labor Manager was our coordinator and asked me to drive 40+ miles, each way, for 1.5-1.99 hours worth of work (depending on the day). 100% city miles, sub-0 temperatures = my car gets 15 MPG x $3.50/gallon = $15-$18/day in gas for $12.88/hour = I lose my. I remember the LM saying "so you're declining the work."</p></blockquote><p></p>
[QUOTE="Bagels, post: 1951943, member: 43436"] Really bad advice. First off, you may deduct standard mileage OR actual expenses - not both. That 57.5 cents per mile you're deducting already includes gas, so you can't double-dip. Secondly, the total of your employee business expenses beyond 2% of your AGI add to your deduction. Here's the problem -- the standard deduction will be most beneficial to most PTers, so this won't help. And when it does, it's just going to reduce their federal tax liability. So if you commute 60 miles each day for the 19 days between Thanksgiving and Christmas, you get $650 in standard mileage but only the portion above 2% your AGI will add to your itemized deduction. Even if you could claim all of it, that's a whopping $65 you saved in taxes compared to the $90 you spent in gas. For most PTers, that number is closer to $0. None of this matters, anyway, since you can't deduct auto for commuting mileage, of which driver helping is considered. A few years ago the Labor Manager was our coordinator and asked me to drive 40+ miles, each way, for 1.5-1.99 hours worth of work (depending on the day). 100% city miles, sub-0 temperatures = my car gets 15 MPG x $3.50/gallon = $15-$18/day in gas for $12.88/hour = I lose my. I remember the LM saying "so you're declining the work." [/QUOTE]
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