Gas and Cell Phone Reimbursement

My company reimburses a fix amount for gas and cell phone every month. This is part of the benefit given by my company. I only use portion of the reimbursement every month, do I report the unused portion as the unearned income?

Thank you

lee

posted

Yes, if you are receiving money in excess of your expenses, you would report this as unearned income if it is not already included in your W2. Before reporting it as unearned income, you should double check with your employer to be sure it is not included.

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