So, before we move deep into this topic, first we should know what job related expenses are or what sort of expenses can be added under this category? The toll payment you use to pay while traveling due to your work can be considered as a job related expense. If something happens to your car when you aren't traveling for work however, cannot be calculated as a job related expense. The toll payment that you use to pay during your normal mode of traveling from home to office cannot be taken as a job related expense.
Reimburse the Employees
These days, companies have implemented their own rules and guidelines to reimburse their employees for the travel expenses they use to come across while using their vehicle for their company's purpose. Most of the time, an employee needs to submit a complete rundown or have all the receipts of the trip in hand before the employer can give them their money back. So, when you are paying the toll, collect the receipt so that you can produce it before the employer to get reimbursed. This can even be added for the expense's report.
If your employer is not showing the right approach to reimburse the amount that you spent at the toll, then you can opt for the next step to deduct them from the income taxes you incur. This will also help you in lowering the tax liability. These will come under the Unreimbursed Employee Expense. This you can even find on the federal tax Schedule A form. You can even use the toll receipts as your guide while filing up that line in the Schedule A. this form can also be used to itemize the deductions.
What Should the Employer Do?
Most of the business owners use to pay careful attention towards their business related expenses. They use to handle such things with a lot of care. And when tolls are there, as an employer you should count them into the company's expenses. As an employer, you can also add this to the line 9 on the Schedule form C. The Schedule C is also used for accounting the loss and profit of a business.
