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Can an employee deduct a black suv if used for a business purpose?

I'm told up to $6,500 may be deducted. I want to make sure this is not just for a business owner, but also for employees.
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1 Reply
MinhT1
Expert Alumni

Can an employee deduct a black suv if used for a business purpose?

Job-related expenses are no longer deductible for employees.

 

Up to tax year 2017, job-related expenses were deductible as an itemized deduction subject to the 2% of AGI floor.

Under the Tax Cuts and Jobs Act, itemized deductions for job-related expenses subject to the 2% of AGI floor are suspended for expenses incurred after December 31, 2017 through 2025.

 

Therefore, your car usage as an employee is no longer deductible for tax year 2023.

 

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