Investor Glossary-transportation expensesInvestor Glossary-transportation expensesInvestor Glossary-transportation expensesInvestor Glossary-transportation expensesInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Transportation Expenses

The HTML to link to this page
 

Transportation expenses are the direct cost of traveling to conduct business. The cost of maintaining a car for business use, or transport by bus, rail, air, taxi, or other means for business purposes may be deducted as transportation expenses. Transportation expenses are distinct from travel expenses in that the latter entail traveling away from home overnight. Usually, transportation expenses are incurred while traveling within the area of one's tax home. The cost of transiting from one business location to another, the cost of visiting customers or clients, and the cost of attending business meetings outside one's regular workplace are all transportation expenses. Transportation expenses can also include the cost of traveling from home to a temporary workplace under certain circumstances. Note that in this case, the traveling area is not restricted to the taxpayer's tax home. First, if travelers have one or more regular work location away from home and the temporary location is in the same trade or business, it counts as transportation expenses. Second, travelers who have no regular workplace but generally work within the same metropolitan area where they live can claim transportation expenses for travel to a work site outside the metropolitan area. Transportation expenses are distinct from commuting expenses, or the cost of transiting from home to a regular place of work. Unlike transportation expenses, commuting expenses are not deductible.



Rate this Transportation Expenses definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: balance sheet, Zero Cost Collar, LIBOR, implied volatility, wholly-owned subsidiary, inflation, per diem, Key Rate Duration, open position, limit order, 144a, ex-dividend, covered put, EBITDA, option premium, retained earnings, annual return, quality assurance, diluted share, labor relations, ex-dividend date, 401a, average price per share, deferred revenue, 1035 exchange, risk management, in escrow, command economy, required rate of return, liquidity ratio, minority interest, cancelled check, current ratio, reverse mortgage, FTSE, 1031 exchange, real GDP, FICO score, stock split, irrevocable trust, margin rate, APR, VIX, phantom income, stock market close, deferred tax, dividends payable, debt service coverage, class C shares


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use