the startups.com platform about startups.comCheck out the new Startups.com - A Comprehensive Startup University
Education
Planning
Mentors
Funding
Customers
Assistants
Clarity
Categories
Business
Sales & Marketing
Funding
Product & Design
Technology
Skills & Management
Industries
Other
Business
Career Advice
Branding
Financial Consulting
Customer Engagement
Strategy
Sectors
Getting Started
Human Resources
Business Development
Legal
Other
Sales & Marketing
Social Media Marketing
Search Engine Optimization
Public Relations
Branding
Publishing
Inbound Marketing
Email Marketing
Copywriting
Growth Strategy
Search Engine Marketing
Sales & Lead Generation
Advertising
Other
Funding
Crowdfunding
Kickstarter
Venture Capital
Finance
Bootstrapping
Nonprofit
Other
Product & Design
Identity
User Experience
Lean Startup
Product Management
Metrics & Analytics
Other
Technology
WordPress
Software Development
Mobile
Ruby
CRM
Innovation
Cloud
Other
Skills & Management
Productivity
Entrepreneurship
Public Speaking
Leadership
Coaching
Other
Industries
SaaS
E-commerce
Education
Real Estate
Restaurant & Retail
Marketplaces
Nonprofit
Other
Dashboard
Browse Search
Answers
Calls
Inbox
Sign Up Log In

Loading...

Share Answer

Menu
Tax: What doesn't constitute as a company costs when driving?
MM
MM
Marshall Martin , Tax Preparation for Indiv. and Small Business answered:

If you're looking for deductions for your business and using a personal vehicle, keep track of mileage. Get a mileage app, Mile IQ comes to mind. (Don't ask me if it's any good, find one you like) Track personal miles and business miles, it comes in handy for the tax preparer. The 2018 rate is 54.5 cents a mile and it adds up quick. There are a few places where keeping all your receipts is advantageous when it comes to mileage, but that's unlikely. The 54.5 cents includes Fuel, Maintenance, and Depreciation. So any expenses associated with those three categories cannot be deducted when taking the standard mileage rate on the Sch C, F, or E. The standard mileage rate is almost always higher.

Do you volunteer? Keep track of those miles. 14 cents a mile.
Going to the Doctor? Keep track of those miles. 18 cents a mile.

Now if you're working a job with a W-2 and your employer is not reimbursing you, you're SOL since 2% misc. deductions are now defunct. That doesn't sound like the case since you have a company card, but it was worth saying.

Talk to Marshall Upvote • Share
•••
Share Report

Answer URL

Share Question

  • Share on Twitter
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Share by email
About
  • How it Works
  • Success Stories
Experts
  • Become an Expert
  • Find an Expert
Answers
  • Ask a Question
  • Recent Answers
Support
  • Help
  • Terms of Service
Follow

the startups.com platform

Startups Education
Startup Planning
Access Mentors
Secure Funding
Reach Customers
Virtual Assistants

Copyright © 2025 Startups.com. All rights reserved.