Incorrectly billed for personal mileage of company car

Forum|Forum|2 years ago
November 28, 2023
1 reply
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I have a company car. Each month I have to report personal and business mileage. Our closing month just occurred and the fleet company did not report the last month for me. So I am to be billed 12% personal use of my company car lease for the year for the 1 month of non reporting. This amounts to about $900 dollars. I did not use this for personal use at all this year. My company is telling me that I need to correct this during my taxes. I am unsure of how to do this. Is there anyway to recapture this complete amount? I am afraid that because I typically do a standard deduction this will be lost.

Bsch4477

Employee

Are you a W-2 employee?

schneiderapril14Author

Yes I am. I also take the standard deduction typically and I am worried I will not be able to actually recoup the deduction this way.

DoninGA

Employee

@schneiderapril14 Since you are an employee who receives a W-2, your employee business expenses are not entered on a federal tax return due to the tax code changes in effect for tax year 2018 thru 2025.