How to Claim Tax Credit for Travel Expenses

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Travel expenses can sometimes be claimed to get a tax credit if it is business-related and if the company does not reimburse travel costs. Itemize travel expenses on a tax return with help from an enrolled agent in this free video on filing taxes.

Part of the Video Series: Filing Taxes
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Video Transcript

My name is Penny Tokash, I'm an Enrolled Agent. My company is Tax Facts Incorporated located in Jonesboro, Georgia. I'd like to speak to you now about how you file your travel expenses on your tax return. If you are self employed; you, you keep track of the travel and you divide it into two groups. You've got travel that includes airline tickets, car rentals, hotels and that sort of thing. Then you have another section that is travel expenses that are, that is food. Food, you're only going to be allowed fifty percent of; so that's why you need to separated your travel expenses into the two categories. Now let's say that you work for a company and your company doesn't reimburse you for your travel expenses. Same thing, you're going to be allowed to do the same kind of itemizing as self-employed. Differences is that you cannot take the first two percent of those travel expenses; you take two percent of your gross income is not going to be deductible against the travel expenses


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