Archive for May, 2006
aggie_87 asked:
My husband regularly drives to 4 different work locations. Usually he spends an entire day at each location, but he has one location that is his “home” office. Occasionally, he drives from one location to another – afterward he may go back to the original location or drive straight home. He gets a monthly fixed car allowance, which was included in his taxable income on his W-2. From what I understand, that makes it a “non-accountable” plan. He does have good records of where he went on what days. How do we calculate the tax deduction for his auto expenses?
Shena Thwaites
My husband regularly drives to 4 different work locations. Usually he spends an entire day at each location, but he has one location that is his “home” office. Occasionally, he drives from one location to another – afterward he may go back to the original location or drive straight home. He gets a monthly fixed car allowance, which was included in his taxable income on his W-2. From what I understand, that makes it a “non-accountable” plan. He does have good records of where he went on what days. How do we calculate the tax deduction for his auto expenses?
Shena Thwaites
