topic Where do I claim an employee expense for auto allowance? FAVR in Deductions & credits

Where do I claim an employee expense for auto allowance? FAVR

jenkink1 — Wed, 08 Jul 2020 01:46:29 GMT

As an employer, where do I claim my expense for the FAVR program? Which is a vehicle expense program for an employee.

It has a fixed monthly expense and a variable expense due to mileage/maintenance.

Thank you,

Re: Where do I claim an employee expense for auto allowance? FAVR

Anonymous — Wed, 08 Jul 2020 06:33:00 GMT

you can deduct none of your auto expenses. the deduction for employees for auto expense was eliminated for the years 2018-2025. Since FAVR is a qualified accountable reimbursement program, your reimbursements aren't taxable.

Re: Where do I claim an employee expense for auto allowance? FAVR

jenkink1 — Wed, 08 Jul 2020 14:44:08 GMT

Thanks Hackitoff,

The question I have is that as an employer, I will use the FAVR qualified accountable reimbursement program for an employee. Where do I claim that expense on my Federal taxes in turbotax? Say the total for that employee for 2019 was $5,000.

Thanks

Re: Where do I claim an employee expense for auto allowance? FAVR

AmeliesUncle — Wed, 08 Jul 2020 17:25:53 GMT

It doesn't really matter which category that you put any expense (except for meals). Look through the categories to see if something comes close, and if not, then enter it as an "other" deduction. Again, the category does not matter (except for meals).