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May 18, 2021
Question

Why are my expenses not reducing my federal tax due

  • May 18, 2021
  • 1 reply
  • 0 views
I'm adding mileage deduction but my tax due isn't changing

1 reply

SusanY1
May 18, 2021

If you are an employee (you have a W-2), mileage expense is no longer deductible on your federal return (but may be on your state return.)

 

If you are self-employed or an independent contractor you may not be seeing any impact if your net profit has already been reduced to zero. 

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