The Money Mustache Community
Learning, Sharing, and Teaching => Taxes => Topic started by: jedithunder on April 25, 2018, 06:27:37 AM
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I have a part time job where I travel once a month on the weekends to teach a First Aid type course.
My largest expense that the company does not reimburse me for is car rentals.
Am I able to take this as a deduction? and if so how much of it?
are there any other areas I might be able to deduct; gas for the rental , tolls when driving?
Some costs are totally reimbursed ,which I unterstand play no roll in my tax deduction.
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Or if someone could point me toward an article which will clearly define what options are, I would deeply appreciate it.
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Are you paid as an employee for this work? If the compensation you receive shows up on a W-2, you will be unable to deduct any of the costs that are unreimbursed. This is a change in the new tax law - they removed the ability to deduct unreimbursed business expenses.
If the income is reported on a 1099 (you're a contractor, not an employee), then you can deduct the out of pocket costs on your Schedule C each year.
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Thank you