You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
daskube1
Level 1
heart_vintage
New Member
christinebradlee80
New Member
RISKYMOJU3
New Member
smakalani
New Member