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re: How much should a company truck affect your salary?

Posted on 9/26/23 at 12:21 pm to
Posted by DakIsNoLB
Baton Rouge
Member since Sep 2015
609 posts
Posted on 9/26/23 at 12:21 pm to
quote:

Supposedly an IRS issue.


Not supposedly. Actually. The IRS defines personal use of company vehicles as a taxable benefit. Companies keep logs for a reason. They can write off miles related to company business. They can't write off personal use miles and commuting to and from work is considered personal use.
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