Can One Deduct Tolls & Mileage on Taxes?

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Can One Deduct Tolls & Mileage on Taxes? – This is a place for the community to provide tips and advice on Can One Deduct Tolls & Mileage on Taxes?. This topic was created by Rob Henderson and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Are Tolls Tax Deductible?

Published: 9 years, 4 month(s) ago | Submitted by isma inspector de control de calidad ismael gutier | permalink

Roads provide a significant benefit to the general population, so they are typically built with public money and open for use by the general public. But when state and municipal budgets get tight, ...

For further reading: http://finance.zacks.com/tolls-tax-deductible-8844.html ^[1]

Tip 2 - Commuter Deduction

Published: 9 years, 4 month(s) ago | Submitted by Gianluca Romeo | permalink

Commuter Deduction

For further reading: http://www.mass.gov/dor/individuals/filing-and-payment-information/guide-to-personal-income-tax/deductions/commuter-deduction.html ^[2]

Tip 3 - The Most-Overlooked Tax Deductions

Published: 9 years, 4 month(s) ago | Submitted by Sandra Kenny | permalink

Don't let a knowledge gap prevent you from taking advantage of these money-saving tax breaks.

For further reading: http://www.kiplinger.com/article/taxes/T054-C000-S001-the-most-overlooked-tax-deductions.html ^[3]

Tip 4 - Can One Deduct Tolls & Mileage on Taxes? | eHow

Published: 9 years, 4 month(s) ago | Submitted by Marianne Kopcho | permalink

In order to reflect the costs associated with using an automobile, the Internal Revenue Service (IRS) allows individuals to deduct vehicle expenses from their taxes depending on the purpose for which the car was being driven. The mileage, tolls and parking fees that you pay may be deductible if you use your car for business, medical, moving or...

For further reading: http://www.ehow.com/about_5256371_can-deduct-tolls-mileage-taxes.html ^[4]