Tax season, What can I right off??Register Today!
- by lsvalliant Feb 3This is the first time I am going to attempt to right off expenses on my taxes. I made over 100k as a case manager last year and I am scared I am going to owe thousands in taxes. i was paid 25 cents a mile for most of the year so I know I can right off an additional 30 cents for each mile. Can i right off gas?? How about lunch, uniforms, cell phone bill since I wasn't reinbursed for any of it? What do you guys think??
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- Feb 3 by MrChicagoRNYou can deduct either the standard IRS approved per mile rate, OR itemize actual costs. Lunches? No, because you need to eat whether working or not. Uniforms are deductible if they are clothing one wouldn't wear while not working. The IRS has instructions on its website that very specifically describes the do's & dont's, as well as the threshold for deductions. You can pay for someone to do it, or use one of the tax software packages, HR BLOCK or TURBOTAX, which will walk you through it all
- Feb 3 by KelRN215If you have a separate cell phone for work which is only used for work, you can probably write (not right) that off. If it's your cell phone for every day use, no, because it's used for personal things as well.
If you're claiming the additional 30 cents/mile on your mileage, you can't write off gas in addition to that. That's what mileage reimbursement is... reimbursement for your gas and wear/tear to your car.
You can't write off lunch and I'm struggling to figure out why you'd think you could.
- Feb 3 by blueberry POP tart:)Quote from Twinmom06I agree!! You make enough to pay a good CPA, have a chat with them and tell them you think itemizing might be a good option for you. Have all your papers in order and with you, they can ask you a few questions and tell you if it is beneficial for you or not! And next year, you deduct the fee for the CPA😋think you need to get a good CPA to do your taxes!
Hope you've been saving receipts too!