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,
KJ
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.
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