There are many expenses you can deduct from your taxes, and the transit tax expenseallows you to deduct what you spent for transportation to get to and from work throughout the prior year. However, these expenses have to go beyond the occasional transportation expenses, such as cab fare after a late night at the office or additional parking fees for traveling to a different location one time.
Types of Expenses You Can Claim
There are four tax break credit expenses you can claim on your taxes for transportation-related costs. These include:
Even if you view these expenses as negligible every month, you should still diligently track them and claim them on your taxes. Even a small benefit can help your wallet!
Where to Seek Help
Knowing what expenses to input on your taxes can be confusing, especially where transit is concerned. For assistance and further information about filing your taxes, GovDocFiling is an exceptional resource. Find out more about what they offer by contacting them today!