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Hi, for my vehicle it shows that I should be getting $14,290 deducted from the taxes due to business use. But on the Federal Tax Due int the top left corner it showed only a couple thousand deducted after the all the vehicle info was done. Will it show th
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June 4, 2019
2:10 PM
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Get your taxes done using TurboTax
The value of your vehicle is deducted from your income from the business. It is not a credit and your federal tax due is only reduced by the percentage of your income bracket.
June 4, 2019
2:10 PM