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Yes, you can claim your gasoline as well as any other out of pocket expenses associated with the company vehicle as an employee business expense.
However to deduct this expense, you must itemize your deductions and it is limited to the 2% Adjusted Gross Income limitation. When you enter it, TurboTax will give the maximum benefit, if any.
To report vehicle expenses in TurboTax:
- Click My Account (Top right of your screen).
- Select Tools.
- In the pop up window, select Topic Search.
- In the search bar, type in vehicle expenses employee
- Highlight it and select GO, and follow the prompts.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.