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My Company Is Giving Me A Car Allowance Of $700.00 Per Month Which Doesn't Cover My Fuel Let Alone Maintenance On My Truck After Taxes.What Options Do I Have?
asked 1 year ago
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You can claim the extra expenses on your tax return if you itemize.
answered 1 year ago
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You should look into Form 2106 when you file your federal taxes. It is for "Employee Business Expense", and Part II is all about vehicles. You should also check into unreimbursed business expenses on Schedule A. I hope this helps.
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answered 1 year ago
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