Call 1-800-595-5456 to speak to one of the pros! Or Chat Live now. Extra features and lightweight durability combine to make the ultimate luggage in the Travelpro Maxlite 4 series. Made of rugged Polyester fabric with water-resistant coating, which provides stain and abrasion protection for better durability.
A company car allowance is a predetermined sum paid to an employee as compensation for driving her own vehicle for business reasons. Companies use car allowances to minimize accounting costs. Once an employee has been allocated a car allowance, that amount is simply added to the employee's paycheck. For example, if the car allowance is $500 per month, this sum is paid to the employee via her paycheck.
1 Standard mileage allowance: If you own or lease a car and are not reimbursed for the business use of your vehicle, you may be able to calculate your deduction using the standard mileage rate (51 cents per business mile for the first half of 2011 and 55.5 cents per business mile for the second half of 2011).For individual taxpayers, commuting to work normally doesn't qualify as business use.). At tax time, you take your deduction as a miscellaneous itemized deduction. Miscellaneous itemized deductions are deductible only to the extent that they total more than 2 percent of your adjusted gross income (AGI).