Can you claim your car as a business expense if your company compensates you for mileage?

fire45112018-01-14T04:09:09Z

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You can claim reimbursed mileage or the difference between what the company pays and the federal mileage deduction (Currently 54.5 cents per mile.

Say the company gives you 45 cents a mile that would mean you can claim 9.5 cents a mile.

If the company pays you 55 cents a mile, you cannot write off anything in addition

StephenWeinstein2018-01-14T06:40:37Z

If the mileage compensation is including in your taxable income, yes. If not, then no.

?2018-01-14T04:17:37Z

Yes you can

babyboomer10012018-01-14T03:47:17Z

No. You are either an employee or an independent contractor. You can't be both. If you are compensated for gas, you are an employee.

Wayne Z2018-01-14T02:57:41Z

Maybe.

If your employer has an "accountable plan" and your reimbursement does not have taxes withheld, no.

If your employer has a "non-accountable plan" and taxes are withheld from the reimbursement and it shows up in your W2 with all other compensation, yes.

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