Tax break

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Aug 2, 2004 | 09:16 PM

#21

JeffreyDJ

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Joined: February 2, 2004

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From: Dallas, TX

Well, I don't think Business Tax/Small Tax would be affected as much .. I think the personal tax would be flat .. But still good points. There are many ways to screw it up.

Aug 3, 2004 | 12:14 PM

#22

~~Grantsdale~~

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Quote:

Originally posted by GhostTX+July 30, 2004, 10:38 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (GhostTX @ July 30, 2004, 10:38 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-JeffreyDJ@July 30, 2004, 10:56 AM
However, normal commutes are not a business expense, nor can they be deducted.

Lots of people put road tolls, mileage, clothes, etc as business expenses on the tax sheets. Just how willing you and your accountant are willing to bend the rules.

You need to get audited first. In 1994, the IRS audited 0.08% of ALL tax returns filed. With odds like that, who wouldn't risk get half off a $60,000 car? [/b][/quote]
Uhm, maybe it varies from state to state, but here in CT, commutes ARE tax deductible. As are clothes if they are required wear for your place of business.