The amount of deductible transportaton expense for the year is $0
Deductible transportation refers to the expenses related to transportation that can be subtracted or deducted from your taxable income when filing your taxes. It is a way to reduce the amount of income that is subject to taxation.
Deductible transportation expenses can vary based on the purpose of the travel and the applicable tax regulations. Here are a few common categories:
Business Travel:Deductible expenses often include transportation costs for business-related trips, such as flights, rental cars, and mileage for personal vehicles used for business purposes.
Medical Transportation:Qualifying medical transportation expenses, like travel to and from medical appointments, may be deductible. This is often applicable for individuals with significant medical expenses.
Charitable Activities:If you volunteer for a qualified charitable organization and incur transportation costs while performing volunteer work, these expenses may be deductible.
Moving Expenses (in certain cases):While rules have changed, in some situations, moving expenses related to a job relocation may be deductible.
Under Tax Cuts and Jobs Act of 2021, unreimbursed employee business expenses which were previously deductible were eliminated.
Full question:
during the year 2022, ricki, who is not self-employed and does not receive employer reimbursement for business expenses, drove her car 4,500 miles to visit clients, 6,800 miles to get to her office, and 500 miles to attend business-related seminars. all of this mileage was incurred ratably throughout the year. she spent $600 for airfare to another business seminar and $300 for parking at her office. using the automobile expense rates in effect for 2022.
What is the Deductible transportaton expense?