Question

Can I expense items or miles for a truck my company pays me a monthly stipend for?

Forum|Forum|5 years ago
May 18, 2021
1 reply
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I am paid a monthly amount to personally purchase and maintain a truck for my job. The monthly payment is taxed as income and is reflected in my W-2. What are my options?

TurboTax Premier Online

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xmasbaby0

Employee

You cannot deduct anything for the truck.

Job-related expenses were eliminated as a deduction for W-2 employees by the tax laws that changed for 2018 and beyond. Your state tax laws might be different.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**