Hi, for my vehicle it shows that I should be getting $14,290 deducted from the taxes due to business use. But on the Federal Tax Due int the top left corner it showed only a couple thousand deducted after the all the vehicle info was done. Will it show th
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box-geoffry
New Member

Hi, for my vehicle it shows that I should be getting $14,290 deducted from the taxes due to business use. But on the Federal Tax Due int the top left corner it showed only a couple thousand deducted after the all the vehicle info was done. Will it show th

 
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tygrtchr
Level 7

Hi, for my vehicle it shows that I should be getting $14,290 deducted from the taxes due to business use. But on the Federal Tax Due int the top left corner it showed only a couple thousand deducted after the all the vehicle info was done. Will it show th

The value of your vehicle is deducted from your income from the business.  It is not a credit and your federal tax due is only reduced by the percentage of your income bracket.

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