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re: How are allowances from an employer taxed?

Posted on 7/19/19 at 7:21 am to
Posted by Weagle25
THE Football State.
Member since Oct 2011
46211 posts
Posted on 7/19/19 at 7:21 am to
quote:

Is that taxed like bonuses, salary, or not at all? Trying to decide how to weigh this.

Well first off, bonuses are not taxed any differently than regular wages. They have different rules for how your employer withholds but at the end of the day it’s no different on your tax return.

Second, it depends. If they make you keep track of your expenses and return any excess then it’s tax free.
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