Is having to pay for parking Tax Deductible.

Employees don't get tax write offs for work. And even if you could. You'd have to exceed the standard deduction before write offs could work.

This year it's $15,000.

 

12 years ago it was allowed. And the standard deduction was only $3800.

I used my tools too. Back in the 90s.
The year i bought my $2500 tool box was very nice refund.

 

That’s wrong, the problem is that the standard deduction is too high and it doesn’t justify itemized deductions that are less than the standard deduction.

 

My otr days had that too.
But that went bye bye a few years back. There's no more nights away from home per diem.

As noted in a post above.

 

Just like Ridgeline and I posted.
You have to exceed standard deduction to make it work. And i think alot of what was allowed. Went bye bye. For company employees.

I don't know about percentage and how it works. But yeah. You only got a small amount back.

Basically you used what you could use. If it exceeded. Great. You got say $1 out of that $100. Whatever it works out too.

So to make it work. You need more then whatever is allowed this year that exceeds $15000. According to google.

 

You can write off all that stuff as a company driver still. You just cant claim the per diem. Problem is having enough writeoffs to be worth it.

 

If you are filling jointly for this tax year, 2024, then the standard deduction is $29,200.00. It would be hard to exceed that as a company driver, not impossible but hard.

How did we get here? When the Trump tax cuts started for the tax year 2018 everyone got a tax cut. Everyone. But to do that somethings had to be reduced or taken away. That's when the ability for a company driver to write off the flat per diem based on number of days OTR became null and void.

 

Lol, seriously?