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Deductions & credits
However though, vehicles are limited only to $30,500 for 2024 for over 6,000 lbs, so turbo tax does not use that limitation, people will be misled by just including all the value of the vehicle to be written off entirely. I think turbo tax should make sure to identify this limitation for tax year 2024.
‎October 23, 2024
1:28 AM