“I can just see the fake headlines,” Trump said. “President Trump is talking about all the money they’re making while people are suffering at the pump.”
“But I said, ‘I don’t give a damn, I’m gonna say it: We’re making a frickin fortune,’” he added.
“I can just see the fake headlines,” Trump said. “President Trump is talking about all the money they’re making while people are suffering at the pump.”
“But I said, ‘I don’t give a damn, I’m gonna say it: We’re making a frickin fortune,’” he added.
that’s not what deductible means.
If it’s covered then it’s a business expense. You can deduct it from your taxes and get the non-tax value as compensation.
The companies don’t need to cover the gas tax. Which is what you can deduct.
That’s not how that works. (Normal) commuting costs are never deductible (in the US). Even if your company covers commuting costs for you, that compensation is still fully taxable as income.
I never said it wasn’t.
there are enough misunderstandings about it (probably because related laws change so frequently) that the IRS devoted much of a publication to it