☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 13, 2023 3:15:02 PM

Can I deduct new car purchase: I use my personal car for work. Company uses MOTUS a FAVR plan to reimburse. Can I deduct purchase of a new car?

I bought a new car (paid cash) and kept the old car to give to my wife.  I use my personal vehicle in a sales role at work. Company uses a FAVR plan called Motus to reimburse some expenses and some mileage.  Can I write off business use portion the purchase a new car under this arrangement?

0 2 580
2 Replies
Level 15
Feb 13, 2023 3:16:31 PM

If you are an employee there is no car deduction. 

Level 15
Feb 13, 2023 3:16:48 PM

Are you a W-2 employee?  You are not asking your question from Self-Employed.

 

Can I deduct job-related expenses on my tax return?

 

 

Sorry---W-2 employees cannot deduct job-related expenses on a federal return.  Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond.  Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.