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Retirement tax questions
For income tax purposes, a flat-dollar car allowance is treated as taxable wages.
Although I suppose it might be possible to set up payroll as treating that as something other than "wages" to avoid a 401k contribution, that is not how your HR department/payroll department has done it. That is something you would need to discuss with your HR department.
Although I suppose it might be possible to set up payroll as treating that as something other than "wages" to avoid a 401k contribution, that is not how your HR department/payroll department has done it. That is something you would need to discuss with your HR department.
‎June 6, 2019
7:16 AM