Do I qualify for any deductions if I use my personal vehicles for business and don’t get reimbursed?

by Chad Schweighart, CPA | Jan 31, 2019

I use my personal vehicles for business. I drive 500 miles a week average. I also transport product and employees in my vehicles. My boss only pays for gas. I have put 60,000 miles on my BMW the last year and a half. Can I write off my vehicle or get any kind of compensation for this?

As a result of the Tax Cuts and Jobs Act, starting for tax years beginning after Dec. 31, 2017, a number of Miscellaneous Itemized Deductions were suspended. One of them is Unreimbursed Business Expenses, which is normally where this would have fallen. For federal purposes, you will not be able to get a deduction. However, you still may be able to claim the deduction on your state return, as most states have not eliminated the deduction for unreimbursed business expenses. Consult with your tax preparer to see how this might affect you.  

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Answered by: Chad Schweighart, CPA, is an accounting manager with Gift & Associates in Mechanicsburg, Pa.

The responses are based on the limited information provided by the questioner and apply the laws and regulations at the time of posting. Other options could arise as rules and regulations may change over time, including but not limited to the passage of the Tax Cuts and Jobs Act of 2017. They are intended to provide general information, not specific accounting or tax advice; they are not intended or written to be used and cannot be used for the purpose of avoiding or evading taxes or penalties under the IRS code or regulations. Views expressed do not imply an opinion of the PICPA, its officers, directors, employees, or members.
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