Vasia
New Member

Deductions & credits

Appreciate the follow up! Great topic. So this Fortune 300 public company, has over 500 company owned/leased vehicles. And you are correct, in that each month after we inputted our starting and ending odometer and then our personal miles. Then on our pay statement there was a line for auto income. And if would have 200 personal miles for the month I would see $100 added to my gross wage, (it was .50 then) I wouldn’t actually receive a $100, I would justvbe getting taxed on it,.,,