496567
Expenses that were paid out of pocket were always reimbursed with a check. Mid year the company accountant decided to reimburse through payroll as "expense income" which appears to be added to the gross income on the pay stub. Will this be added on my W2 as additional income that I will be taxed on again?
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Ask the accountant or wait for your W-2. (My employer lists reimbursements on my pay stub, but they are not included in my W-2 wages.) If not in your W-2, no problem. If the expenses are in your W-2 box 1 wages, then the are taxable, but you can then take a tax deduction for them (subject to the 2% rule and itemizing, of course.)
Ask the accountant or wait for your W-2. (My employer lists reimbursements on my pay stub, but they are not included in my W-2 wages.) If not in your W-2, no problem. If the expenses are in your W-2 box 1 wages, then the are taxable, but you can then take a tax deduction for them (subject to the 2% rule and itemizing, of course.)
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