Estimated tax amount does not seem to reduce in correspondence with the mileage deduction amount. Is this a glitch in the system?


Hello there, blessedlife7,

I'd like to make sure you have accurate record of your mileage deduction.

One possible reason why the estimated tax is not reducing the mileage deduction, is choosing the incorrect tax year. Let's make sure to highlight the correct tax year.

Here's how:

  1. Go to Taxes.
  2. Choose Annual taxes.
  3. Select the correct tax year at the top.

On the other hand, please take note that the mileage deduction will not be included on your quarterly estimated taxes. This is because it's an annual type of deduction which you need to itemize when filing your annual tax return.

You'll need to make sure you record all Self-Employed business related transactions so everything will be calculated  when filing at the end of the year.

QuickBooks Self-Employed uses two methods in tracking your mileage expenses and deductions. For the purposes of tracking and estimating, we chose to only use the "standard method(total business mileage). So for QBSE purposes, we are always using the standard method. At annual tax time, you can still choose the actual method (actual expenses)

For further information, you can refer to these articles:

Please let me know if you have follow up questions about estimated taxes and mileage deductions in QuickBooks Self-Employed. I'm just around if you need help.

Was this answer helpful? Yes No
IntuitRea , Community Support Specialist
Employee SuperUser

No answers have been posted

More Actions

People come to QuickBooks Learn & Support for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Qb community
Looking for advice from other business owners?

Visit our QuickBooks Community site.