Tax question regarding fuel | TigerDroppings.com
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HamCandy
LSU Fan
Team Meat
Member since Dec 2008
493 posts

Tax question regarding fuel

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.


BFIV
Virginia
Member since Apr 2012
1479 posts

re: Tax question regarding fuel
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.


HamCandy
LSU Fan
Team Meat
Member since Dec 2008
493 posts

re: Tax question regarding fuel
I'm a salary employee. The amount I get per month is fixed, wether I drive 20miles or 400miles.


Tenforty1728
LSU Fan
Baton Rouge
Member since Oct 2012
64 posts

re: Tax question regarding fuel
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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