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Deductions & credits
@Glam25021 wrote:
How can I only deduct expenses above and beyond the car allowance? Example: the capital cost allowance is 8K. The employee car allowance is $7K. How can I only claim the amount in excess of the car allowance?
If you are a W-2 employee then you cannot deduct any employee business expenses on a federal tax return due to the tax code changes in effect for tax years 2018 thru 2025.
‎August 11, 2022
7:55 AM