Tax Return ?s - Standard Mileage

[Nicsmom]

I know that you can claim your mileage (business use) on your tax return. I also know that the IRS's standard mileage is .44+ p/mile. This is the question. My employer reimburses me .34 p/mile. Can I claim my mileage? If so, at how much p/mile? .44? or .10? Thanks for your input!

 

[Mickeyfaniam]

I'll take a guess here....

if the 34 cents PM you received is reported as income than you by all means can deduct the 44 cents PM ....

IF you do NOT claim the 34 cents PM as income then you may deduct the other 10 cents

 

[Nicsmom]

Thanks for the info. The mileage I receive is not reported as income on my W2. After looking at the IRS publication regarding the mileage deduction here is what I found:

"You generally can use the standard mileage rate whether or not you are reimbursed and whether or not any reimbursement is more or less than the amount figured using the standard mileage rate."

This seems pretty clear to me. I can deduct any business miles i've driven during 2006 at the full IRS rate.

Anyone reading this differently? I realize I may be jaded as this means a bigger refund for me!

 

[LadyyRedd]

That's what it sounds like to me, but I would probably go ahead and call the IRS and ask for sure. I don't like to take chances that I might have to file an amended return or get audited because I didn't do something correctly. My sister had asked me a question and we looked it up, I told her what I thought it meant, but that she should call and get a clarification. She did and all is well.

Kimya