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    merida27's Avatar
    merida27 Posts: 1, Reputation: 1
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    #1

    Jan 1, 2013, 07:15 PM
    Mileage Reimbursement
    My company only pays me for the gasoline I put in my car. I am a Territory Manager and drove approximately 26,000 total miles in 2012 of which 21,000 were business miles. I received a total of $3,600 for gasoline from my company. No car allowance. How would I go about filing my taxes and getting reimbursement for the wear, tear, and difference of mileage that the government allows?? I started at 92,920 in Jan 2012, and ended at 119,797 in Dec 2012.

    Thank you!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Jan 1, 2013, 07:28 PM
    You are entitled to 56 cents per mile as a deduction, but only after yo apply the 2% rule (which is only the amount that exceeds 2% of your Adjusted Gross Income is deductible). Further, as an employee, you must file Form 2106, and the deduction is an ITEMIZED deduction.

    There are also Alternative Minimum Tax (AMT) implications, but with the deduction being worth $11,760, it IS worth investigating.

    If you email me with your income figures, I can run an estimate for you, no charge.
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