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Get your taxes done using TurboTax
"They pay full amount no taxes taken out" unclear if OP is inferring he's an IC or just that no taxes are taken out of the $.60 reimbursement. I do think there's an accountable plan based on how OP says they're reimbursed so it wouldn't be *shouldn't) be taxable as an employee. If the op was an IC it would be a wash if reported as income because there's an offsetting deduction for the mileage. As an IC maybe actual vehicle expenses exceed the reimbursement in which case the OP could take the net deduction.
‎October 28, 2023
2:11 PM
1,362 Views