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Eyes Wide Open

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Reply with quote  #1 
Is it true, that after this year, we will no longer be able to deduct our millage as a business expense? Has anyone talked to their tax guy about this yet?
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Sidney

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Reply with quote  #2 
Looks like the deduction is gone, here is an article taking a look at the changes.



https://www.fool.com/taxes/2018/01/18/your-complete-guide-to-the-2018-tax-changes.aspx

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outwest

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Reply with quote  #3 
My tax guy said if we are classified as a statutory employee we can still claim unreimbursed business expenses. Hence my question on W2's. I have been audited twice in the past over mileage. Both times I was told I should be classified as statutory and my mileage would not have been questioned.
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Eyes Wide Open

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Reply with quote  #4 
From What I am seeing-it  looks like the deduction will not be available at all when filling 2018 taxes. How much do you think it costs to use your car-all in gas, depreciation, oil changes, tires, repairs?
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itzakadoozie

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Reply with quote  #5 
Not getting mileage written off will mean sales reps will be sitting on their couches, taking orders. That sucks.
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Sidney

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Reply with quote  #6 
Under the new commission plan at US Foods TM's are paid mileage as part of the plan.
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Foodrumorref

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Reply with quote  #7 
I am also hearing that we will no longer be able to claim home office next year? If this is true this will effect many a Regional, Broker, etc. I hope this is a mistake?
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DENFOODIE

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Reply with quote  #8 
That's correct. No mileage or home office claims. The new tax plan that was passed changed all this,
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Eyes Wide Open

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Reply with quote  #9 
Hey What's your number?  (.52 cents per mile) X ( miles you drive for work) = ?
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chefblue

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Reply with quote  #10 
Last year was 25k, down almost 1,000 from previous year.


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ChefBlue
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Eyes Wide Open

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Reply with quote  #11 
If you drive 500 miles a week it costs you $13,000/ year out of pocket just for the car. can that be right?

Ouch! 
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SonofAbeach

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Reply with quote  #12 
Fuel, Insurance, Normal Maintenance, (Oil, Brake Pads, Lights, Tires). 
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Salamiking

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Reply with quote  #13 
Quote:
Originally Posted by Eyes Wide Open
If you drive 500 miles a week it costs you $13,000/ year out of pocket just for the car. can that be right?

Ouch! 


I drive 1000-1200 miles a week, my boss doesn’t have globe.
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Eyes Wide Open

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Reply with quote  #14 
Update:  my tax guy told me that next year my return will be $5,000-$6,000 LESS  because of he new tax laws.  
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sellmesomething

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Reply with quote  #15 
Is there any "rumble" from your employer about assisting sales reps with the extra burdens of the cost associated with managing your territories? 
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SoCalFoodDude

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Reply with quote  #16 
IRS mileage is 55 cents a mile. Runzheimer pays 17 to 19 csnts a mile based on fuel prices. I claimed a $5,000 deduction for what Runzheimer didn't pay on my 2017 taxes.

Thanks to the tax scam that the republicans snaked through, I won't be able to take that $5,000 for 2018. Also, I won't be able to deduct my cell phone either.


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