A deduction is not the same as a credit. A credit is a dollar-for-dollar reduction in tax. A deduction will only increase your refund by your tax rate. If your tax rate is 20%, then your refund will only increase by $2 for every $10 in additional expense.
If your refund is staying at $5,000 check your Total Tax in Tax Summary. If your total tax is $0, adding more expenses will not increase your refund.
To see your Tax Summary:
- Click on Tax Tools in the left column
- Then Tools
- Select View Tax Summary in the center box
- When you are done, click Back in the left column
Inventory is not a start-up cost. Enter inventory in the inventory section.
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