![]() □Where to claim it: Schedule C, Line 30 and Form 8829 So keep track of your meter time while you’re out on the job! □ 3. Parking tickets don't count as a write-off. You can only claim your parking if you are the person footing the bill. If your client reimburses you, it isn’t a write-off. (Even if you tack a personal errand on after your work stop, you can still write off the full amount.) Can you write off parking fees if you get reimbursed? It’s pretty hard to park somewhere partially for work and partially not for work. There’s no need to deal with a business-use percentage. That’s because work-related parking fees are 100% tax-deductible. But this write-off really belongs in its own category. You might think of parking as a car-related expense. □Where to claim it: Schedule C, Box 27a (“Other expenses”) That’s how the math works out to give you the biggest savings. □️ If you drive a moderate amount for work (20,000 miles): Use standard mileage.What's the best way to write off your car expenses? It’s $0.585 for the first half of the year (January to June), and $0.625 for the second half (July to December). There’s usually one rate, but for 2022, you’ve got two. □ Multiply that by a standard mileage rate provided by the IRS. ![]()
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