Question

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?

Forum|Forum|3 years ago
February 13, 2023
2 replies
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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?

TurboTax Premier Online

B

Bsch4477

Employee

If you are an employee there is no car deduction.

X

xmasbaby0

Employee

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.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**