In Box 14 of my W2, there is an amount for my car allowance. Do I need to list that amount as a reimbursement of a business expense? It is not included in Box 1.
If you take the amount in Box 5 (Medicare Wages) and subtract the amount in Box 14 (car), and Box 12 (D, elective deferals to my retirement account), it equals Box 1.
