Money Are you keeping track of gasoline use for tax deductions

**pr_capone** · 05-07-2011, 12:29 AM

debtfree?

**CrazyPhuD** · 05-07-2011, 01:35 AM

And this is useful to exactly who? For most people it's not, because before it even becomes relevant you have to be driving quite a bit for business(commuting to and from work never counts) or you have to be driving quite a bit for medical expenses. Even then, if your car gets anything above absolutely shitty gas mileage, you're likely better off with the standard mileage rates UNLESS you have major repair bills and you used your car for business/medical for a significant portion of it's use that year.

So next time how about you give some context instead of just asking a question out of your ass.

KurtCobain · 05-07-2011, 01:37 AM

Quote:

Originally Posted by CrazyPhuD

And this is useful to exactly who? For most people it's not, because before it even becomes relevant you have to be driving quite a bit for business(commuting to and from work never counts) or you have to be driving quite a bit for medical expenses. Even then, if your car gets anything above absolutely shitty gas mileage, you're likely better off with the standard mileage rates UNLESS you have major repair bills and you used your car for business/medical for a significant portion of it's use that year.

So next time how about you give some context instead of just asking a question out of your ass.

Take your shit to DC.

**notorious** · 05-07-2011, 07:02 AM

Every penny, mile, and gallon is accounted for in a ledger inside of every one of my work vehicles.

Spott · 05-07-2011, 07:06 AM

I was forced to work out of town for the last 3 months of last year and the 1st three months of this year and was driving 2200 miles a week. The deduction helps but out of about $5000 I spent on gas in 3 months, I got maybe a thousand extra back on my taxes.

Okie_Apparition · 05-07-2011, 09:47 AM

Quote:

Originally Posted by CrazyPhuD

And this is useful to exactly who? For most people it's not, because before it even becomes relevant you have to be driving quite a bit for business(commuting to and from work never counts) or you have to be driving quite a bit for medical expenses. Even then, if your car gets anything above absolutely shitty gas mileage, you're likely better off with the standard mileage rates UNLESS you have major repair bills and you used your car for business/medical for a significant portion of it's use that year.

So next time how about you give some context instead of just asking a question out of your ass.

That is a whole lot of asshole, right there.

patteeu · 05-07-2011, 10:06 AM

Quote:

Originally Posted by CrazyPhuD

And this is useful to exactly who? For most people it's not, because before it even becomes relevant you have to be driving quite a bit for business(commuting to and from work never counts) or you have to be driving quite a bit for medical expenses. Even then, if your car gets anything above absolutely shitty gas mileage, you're likely better off with the standard mileage rates UNLESS you have major repair bills and you used your car for business/medical for a significant portion of it's use that year.

So next time how about you give some context instead of just asking a question out of your ass.

Agree

Demonpenz · 05-07-2011, 11:03 AM

I counted every mile last year I drove to work, praying to God I would get some money back. After I got done eating at applebees and getting my taxes done at Liberty tax they informed me that it wouldn't apply. ****ed up world we live in

**alnorth** · 05-07-2011, 11:05 AM

If you guys are deducting mileage driven to/from work, you better not get audited.

There are not many people for whom this applies. Say you drive to your work or business (not deductible), and then after you hypothetically "punch in", your work or business requires you to drive around your car, yeah that is deductible. Driving back home is not.

There are some exceptions. If your job requires you to drive a tremendous amount of miles to a work site, usually temporarily or very occasionally (say you have to drive 500 miles a few times a year to some regional office or whatever), that can also be deductible. Thats obviously not a normal commute.

Some people who tried to get creative have also gotten nailed. Specifically, some thought they found a loophole when they make a phone call in the morning on a multi-level marketing business, then drove to work arguing they are driving from their first job to the second job, that doesn't fly. Driving from a work-at-home job to another completely unrelated job also counts as non-deductible commuting.

Simplex3 · 05-07-2011, 11:13 AM

If you own the business talk to your accountant about selling your car to your company, then having the company provide your car back to you as a perk or incentive. Then you don't need to track the mileage.

Mr. Laz · 05-07-2011, 02:25 PM

Quote:

Originally Posted by KurtCobain

Take your shit to DC.

what does his post have to do with DC?

Okie_Apparition · 05-08-2011, 12:36 AM

Dick Content

**alnorth** · 05-08-2011, 12:59 AM

Quote:

Originally Posted by Laz

what does his post have to do with DC?

Probably not DC, but that last remark was probably a bit harsh.

Chief Pote · 05-08-2011, 08:12 AM

Quote:

Originally Posted by Simplex3

If you own the business talk to your accountant about selling your car to your company, then having the company provide your car back to you as a perk or incentive. Then you don't need to track the mileage.

If your car is a perk or incentive, are you required to show that as 3.00 per day income on your W2? I'm probably answering my own question....but that would mean that the company would pay for gas? Right?

View Poll Results: Are you keeping track of gasoline use for tax deductions
Yes, I have for awhile now	10	41.67%
I just started with the prices so high	0	0%
I'm looking into it/thinking strongly about it	0	0%
I don't use any/or enough to matter	7	29.17%
**** you & the gas guzzler you rode in on with OBL earwax as a lube	7	29.17%
Voters: 24. You may not vote on this poll

05-07-2011, 12:28 AM
Okie_Apparition Banned Join Date: Jan 2011 Location: floatin cobwebs n the sky Casino cash: $10004900	Are you keeping track of gasoline use for tax deductions ?
Posts: 7,012

05-07-2011, 12:29 AM	#2
pr_capone ** SOC & ** YOU Join Date: Jan 2006 Location: Chiefs Hell Casino cash: $10018214	debtfree?
Posts: 19,884

05-07-2011, 01:35 AM	#3
CrazyPhuD Meow Join Date: Jun 2005 Casino cash: $10005050	And this is useful to exactly who? For most people it's not, because before it even becomes relevant you have to be driving quite a bit for business(commuting to and from work never counts) or you have to be driving quite a bit for medical expenses. Even then, if your car gets anything above absolutely shitty gas mileage, you're likely better off with the standard mileage rates UNLESS you have major repair bills and you used your car for business/medical for a significant portion of it's use that year. So next time how about you give some context instead of just asking a question out of your ass. __________________ "Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t*rd by the clean end"
Posts: 8,523

05-07-2011, 07:02 AM	#5
notorious Supporter Join Date: May 2005 Location: Who knows? Casino cash: $2945884	Every penny, mile, and gallon is accounted for in a ledger inside of every one of my work vehicles.
Posts: 83,358

05-07-2011, 07:06 AM	#6
Spott Court Jester Join Date: Aug 2000 Location: Orlando Casino cash: $3102400	I was forced to work out of town for the last 3 months of last year and the 1st three months of this year and was driving 2200 miles a week. The deduction helps but out of about $5000 I spent on gas in 3 months, I got maybe a thousand extra back on my taxes.
Posts: 19,705

05-07-2011, 11:03 AM	#9
Demonpenz I got Rice cookin in the micro Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $3142136	I counted every mile last year I drove to work, praying to God I would get some money back. After I got done eating at applebees and getting my taxes done at Liberty tax they informed me that it wouldn't apply. ****ed up world we live in __________________
Posts: 54,271

05-07-2011, 11:05 AM	#10
alnorth . Join Date: Dec 2002 Casino cash: $57176239	If you guys are deducting mileage driven to/from work, you better not get audited. There are not many people for whom this applies. Say you drive to your work or business (not deductible), and then after you hypothetically "punch in", your work or business requires you to drive around your car, yeah that is deductible. Driving back home is not. There are some exceptions. If your job requires you to drive a tremendous amount of miles to a work site, usually temporarily or very occasionally (say you have to drive 500 miles a few times a year to some regional office or whatever), that can also be deductible. Thats obviously not a normal commute. Some people who tried to get creative have also gotten nailed. Specifically, some thought they found a loophole when they make a phone call in the morning on a multi-level marketing business, then drove to work arguing they are driving from their first job to the second job, that doesn't fly. Driving from a work-at-home job to another completely unrelated job also counts as non-deductible commuting. __________________ how many emo kids does it take to change a lightbulb? HOW MANY?! none they just sit in the dark and cry Last edited by alnorth; 05-07-2011 at 11:17 AM..
Posts: 36,130

05-07-2011, 11:13 AM	#11
Simplex3 MVP Join Date: Sep 2003 Casino cash: $10004900	If you own the business talk to your accountant about selling your car to your company, then having the company provide your car back to you as a perk or incentive. Then you don't need to track the mileage.
Posts: 28,527

05-08-2011, 12:36 AM	#13
Okie_Apparition Banned Join Date: Jan 2011 Location: floatin cobwebs n the sky Casino cash: $10004900	Dick Content
Posts: 7,012