Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
smurf93
New Member

I receive a car allowance reimbursment (it says reimbursement, so I'm not sure if it's taxed or not) on my paychecks. Do I claim that?

 
1 Best answer

Accepted Solutions
DawnC0
Intuit Alumni

I receive a car allowance reimbursment (it says reimbursement, so I'm not sure if it's taxed or not) on my paychecks. Do I claim that?

You do not need to worry about claiming any reimbursements separately.  These amounts will be included on your W-2 in the appropriate boxes for you to enter into TurboTax.   

If you receive a standard car allowance from your employer, then it is generally considered to be taxable income. Conversely, monies received from a mileage reimbursement plan are generally not considered to be taxable unless the amount reimbursed is higher than the standard federal rate for mileage deductions.

View solution in original post

2 Replies
Carl
Level 15

I receive a car allowance reimbursment (it says reimbursement, so I'm not sure if it's taxed or not) on my paychecks. Do I claim that?

It's included in box 1 of your W-2 most likely, and is therefore taxable income. What's on your pay stubs doesn't matter really.
DawnC0
Intuit Alumni

I receive a car allowance reimbursment (it says reimbursement, so I'm not sure if it's taxed or not) on my paychecks. Do I claim that?

You do not need to worry about claiming any reimbursements separately.  These amounts will be included on your W-2 in the appropriate boxes for you to enter into TurboTax.   

If you receive a standard car allowance from your employer, then it is generally considered to be taxable income. Conversely, monies received from a mileage reimbursement plan are generally not considered to be taxable unless the amount reimbursed is higher than the standard federal rate for mileage deductions.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v