Quote:
Originally Posted by jeremy341a
Why do you say I'm only reimbursed for half of my mileage? I am paid 50 cents per mile for all miles I drive. I claim all this money as income bc we are paid one check by the schools.
|
Because you said "$0.50 per mile round trip paid to
one driver".
Figured only you, or your partner, got reimbursed, not both.
If your claiming the mileage reimbursement as income, then you may be able to deduct all of your mileage as a business expense. Some would not claim it as earned income, and then not take a mileage business expense deduction.
Don't listen to me, I'm sure your tax guy does an excellent job.