Can I ask a question concerning personal vehicles used for business. I work for a company as a copier repair guy and travel all over. Just need some help locating info for my particular situation
If you use you personal vehicle for business purposes and are not reimbursed by your employer, you are entitled to take an itemized deduction on your tax return. Travel expenses are subject to an amount that exceeds 2% of your adjusted gross income. If you don’t itemize you are SOL.
Publication 529 (12/2020), Miscellaneous Deductions | Internal Revenue Service Part #:999E1-32000 003