whats everyone get per kilometer or mile

[Hap]

i am in canada wondering what everyone is getting

[Gift]

[Hap]

Re: whats everyone get per kilometer or mile

Yes as a tech getting per km charge

[slimslob]

Re: whats everyone get per kilometer or mile

For those in the US, check the IRS information concerning what you can claim on your tax return. For those in any other country check with your equivalent of the IRS.

If what your employer is paying is less you should be able to claim the difference. If what your employer is paying is more, you have to report the difference as income Keep accurate records.

[JR2ALTA]

Re: whats everyone get per kilometer or mile

For those in the US, check the IRS information concerning what you can claim on your tax return. For those in any other country check with your equivalent of the IRS.

If what your employer is paying is less you should be able to claim the difference. If what your employer is paying is more, you have to report the difference as income Keep accurate records.

I was under the impression such itemized deductions were eliminated in the tax overhaul of 2017

[slimslob]

Re: whats everyone get per kilometer or mile

I was under the impression such itemized deductions were eliminated in the tax overhaul of 2017

IRS issues standard mileage rates for 2023; business use increases 3 cents per mile | Internal Revenue Service

[JR2ALTA]

Re: whats everyone get per kilometer or mile

IRS issues standard mileage rates for 2023; business use increases 3 cents per mile | Internal Revenue Service

• Beginning with tax year 2018, you can no longer deduct unreimbursed business expenses if you are an employee.

Federal Tax Laws on Mileage Reimbursement - TurboTax Tax Tips & Videos


I'll have to look into it. I think the IRS link you sent may be for business owners vs employees. Not sure, hope I haven't been screwing myself.

[slimslob]

Re: whats everyone get per kilometer or mile

Federal Tax Laws on Mileage Reimbursement - TurboTax Tax Tips & Videos


I'll have to look into it. I think the IRS link you sent may be for business owners vs employees. Not sure, hope I haven't been screwing myself.

I retired in 2017. Those are the guidelines for what employer should be paying.

[SalesServiceGuy]

Re: whats everyone get per kilometer or mile

You might get a monthly car allowance of around $450.00 plus a km charge of around $0.250. That really barely covers your costs and I often have to add extra km just to break even.

Or you might just receive a car allowance where you pay for everything.

If you are just paid a km charge, it should be at least $0.370 per km.

Both scenarios are calculated on your costs while driving your car during work hours and not to/from work. Often techs drive directly to their first call of the day from their home.

It is certainly important to maintain a weekly vehicle expense log for both Revenue Canada purposes and as a tool to show your employer your actual costs in any attempt to ask for more compensation.

Your total personal km should be recorded as not to exceed 16% of your total km to escape the attention of Revenue Canada.

You can claim up to $600.00 per year for parking without receipts.

[richs]

Re: whats everyone get per kilometer or mile

Well you said you are in Canada so you can check CRA for what they consider you should get per KM.It is 68c for the first 5000km I think and 63 c after.My nephew is getting 55c per km with seems ok.Sadly I dont even get close to that.If my car goes I think it might be time to retire .