I receive a car stipend from my employer and my gas for work travel is paid by my employer. However, if the miles I travel for work are multiplied by the $0.565 standard mileage rate for 2013, the total is far higher than my stipend and gas that is paid. Is there any way to deduct the amount over what I am reimbursed?

ANSWER

The BIDaWIZ Team's Answer:

The good news is that you can deduct the the standard mileage deduction that is not reimbursed by your employer. Specifically, you can itemize the out of pocket expense on schedule A of your tax return for the difference. If do intend to itemize this expense, please make sure that you have copious note detailing your travels in case of a future audit. This is referenced in IRS Publication 529 and IRC Section 274(d).