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Can someone explain this

TITLE 26 > Subtitle A > CHAPTER 1 > Subchapter B > PART VII > §

Expenses for production of income

In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year—
(1) for the production or collection of income;
(2) for the management, conservation, or maintenance of property held for the production of income; or
(3) in connection with the determination, collection, or refund of any tax.

Does this mean I can deduct my gas, insurance etc to drive to and from work? What else can I deduct?



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It's interpreted differently

No...you cannot deduct your expenses from your commute to work, since actually getting to your desk in the morning is not producing income, only the time you're actually sitting at work.

The big way around this is that commuting from one job to another is considered a deductible expenditure. Basically, if you have a night job after your normal 9 to 5, the drive from one job to the next is deductible. This also means that if you run a home based business, every mile of your commute to and from your job is deductible, since you are moving from one office to the next.

Start a home based business, even if you aren't turning a profit, and then you can deduct all of your commuting expenses.

what if I am employed,

but work from home most of the week - is my time then counted? I work approximately 1 hour and 50 miles from where I live.

" Single acts of tyranny may be ascribed to the accidental opinion of they day; but a series of oppresssions...pursued unalterably, through every change of ministers, too plainly proove delibrate, systematical plan of reducing us to slavery..."
Tho

We are self employed and you would be amazed.

cell phone.
milage.
wear and tear (depreciation on the car).
health ins (if self employed).
deductibles and non reimbursed expenses for health care (if employed by another).
part of home used for work.
uniforms and clothing expenses.

There are several books at the library, people don't realize the amount you can wright off. Even more if self employed.

Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.

thank you

I was just replying to your post about yesterday's rally - so beautiful!

" Single acts of tyranny may be ascribed to the accidental opinion of they day; but a series of oppresssions...pursued unalterably, through every change of ministers, too plainly proove delibrate, systematical plan of reducing us to slavery..."
Tho

I feel bad

but I should have been more clear, it wasn't my post. I copied and pasted from the original web-site. I too, felt it was a beautiful post. I just wanted to share with DPers.
Now I feel really bad, like I stole it or something..

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Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.