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re: How are allowances from an employer taxed?
Posted on 7/19/19 at 1:15 pm to Lazy But Talented
Posted on 7/19/19 at 1:15 pm to Lazy But Talented
Taxed like regular payroll
1
Posted on 7/19/19 at 8:14 pm to lsu13lsu
Yep, I know from experience. It sucks being taxed on a vehicle allowance while driving 40-50k miles a year. New tax plan screwed me and my employer doesn’t seem to care.
Do you know if there’s any benefit to the employer to pay it this way vs. mileage?
Do you know if there’s any benefit to the employer to pay it this way vs. mileage?
This post was edited on 7/19/19 at 8:15 pm
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