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| Posted by | Message | HamCandy 
LSU Fan
Team Meat
Member since Dec 2008
236 posts
| Tax question regarding fuel (Posted on 1/16/13 at 9:18 am)
Reimbursement. I get a certain amount of money at the beginning of the month for fuel. No taxes are taken out of that check and my employer will 1099 me for it. How do I report this. I keep all my fuel receipts, I'm just worried I will have to pay taxes on it and its a lot of money.
I don't know much about taxes so if the above question makes no sense sorry.
| | Back to top | Share on  | BFIV
Member since Apr 2012
1021 posts
| re: Tax question regarding fuel (Posted on 1/16/13 at 11:27 am to HamCandy)
Are you an independent contractor? Not quite enough info in your question. If you are reimbursed for your fuel expenses, you have no fuel expenses.
| | Back to top | | HamCandy
LSU Fan
Team Meat
Member since Dec 2008
236 posts
| re: Tax question regarding fuel (Posted on 1/16/13 at 12:39 pm to BFIV)
I'm a salary employee. The amount I get per month is fixed, wether I drive 20miles or 400miles.
| | Back to top | | Tenforty1728
LSU Fan
Baton Rouge
Member since Oct 2012
46 posts
| re: Tax question regarding fuel (Posted on 1/16/13 at 1:43 pm to HamCandy)
It'll be included in your gross wages in your W-2. You'll need to list your automotive expenses as unreimbursed employee business expenses which will become an itemized deduction. If you don't itemize, that's bad news. If you do there's still a 2% floor on these deductions, but hopefully you've been slightly overcompensated for gas.
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