Transportation Expenses
You may be able to deduct some of your transportation expenses. These expenses include the cost of transportation by bus, rail, taxi, air, etc. The cost of maintaining your car is included in these expenses too.
Transportation Expenses As Tax Deductions
According to the IRS, transportation expenses include the cost of the following:
- Traveling from your workplace, during work hours, for business purposes, within the city or general area that is your tax home.
- Traveling to visit clients or customers.
- Attending a business meeting away from your work place.
- Traveling to different workplaces, if you happen to have more than one, within the city limits, or outside the general area, that is your tax home.
You cannot deduct transportation expenses between your regular place of work and your home.You are entitled to deduct transportation expenses if you do not have a regular work place, but you travel within the metropolitan area limits, to temporary work sites.Parking fees at your place of business are considered nondeductible. However, if you pay parking fees while visiting a client or a customer or attending a business meeting, you are entitled to claim a tax deduction for these parking fees.