āI can just see the fake headlines,ā Trump said. āPresident Trump is talking about all the money theyāre making while people are suffering at the pump.ā
āBut I said, āI donāt give a damn, Iām gonna say it: Weāre making a frickin fortune,āā he added.
Commuting is not deductible. Canāt afford gas to get to work? Too bad.
It should be, people do get it covered. Talk to your union rep if the company doesnāt cover your commute.
thatās not what deductible means.
If itās covered then itās a business expense. You can deduct it from your taxes and get the non-tax value as compensation.
The companies donāt need to cover the gas tax. Which is what you can deduct.
Thatās 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 wasnāt.
there are enough misunderstandings about it (probably because related laws change so frequently) that the IRS devoted much of a publication to it