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That would depend on the jurisdiction where you live.
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Is mileage reimbursement for an executor of an estate taxable?
No it is not considered taxable. As long as the reimbursement meets the current IRS standards, it is not considered income.
Is a 4 dollar per delivery payment to a driver for a Chinese restaurant considered taxable income or a reimbursement by the IRS?
It is simply taxable income, whatever he gets paid however you want to call it......the IRS does NOT reimburse...nor could i imagine what you think they would reimburse for?
Do you have to first submit for reimbursement before claiming on your tax return?
It would help if you would say exactly what it is you are claiming. If it is the casualty/theft deduction, then yes you must submit any applicable insurance claims first. Other types of deductions may or may not require you to submit for reimbursement. But regardless of the type of claim, if you receive reimbursement in the same year, you must reduce the amount of the deduction by the amount of the reimbursement. If you receive reimbursement of a deductible expense in a later year, you must declare the reimbursement as (taxable) income in the later year to the extent you received a tax benefit in an earlier year.
What are the codes in box 14 of the W-2?
Box 14 is a place for an employer to put miscellaneous items like reimbursement for mileage issued to an employee or other items that are informational only and do not relate directly to your tax return. Items in Box 12 are those specifically related to your income and provide information needed for the return, such as items that reduce taxable income or tax deferred items.
Can you claim personal miles on tax return - if you get a company paid car allowance?
No -- your personal mileage is NEVER deductible. In fact, in your situation, the personal mileage use of the employer provided auto is taxable benefit. (Note: Commuting to and from work is considered personal use).
Is mileage reimbursement for an executor of an estate taxable?
No it is not considered taxable. As long as the reimbursement meets the current IRS standards, it is not considered income.
Is gst or hst included in mileage reimbursement?
Is hst included in mileage reimbursement
What is the average mileage reimbursement rate in Illinois?
Effective for 2008 the Illinois mileage reimbursement rate is: .505
What is the national average for gas mileage reimbursement in 2011 in NC?
What is the mational average for gas mileage reimbursement in MD
What is the 2009 mileage reimbursement rate in Illinois?
The 2009 mileage reimbursement rate in Illinois is .55 per mile.
What is the average mileage reimbursement rate in North Carolina?
50.5 cents is the government recommended mileage reimbursement for North Carolina.
What is the mileage reimbursement rate in France?
mileage rate in france
Gas reimbursement for mileage in the state of Delaware?
Gas reimbursement amounts are determined by the Internal Revenue Service. The gas mileage reimbursement in 2014 is 56 cents per mile.
What is the average mileage reimbursement rate in Colorado?
The maximum by law is 55.0 although there is no law in place requiring mileage reimbursement in Colorado.
What is the gas mileage reimbursement rate for Kansas?
The mileage reimbursement rate for the state of Kansas is 50.5.
What is mileage reimbursement for a company owned vehicle?
Mileage reimbursement is not provided to employees when using company-owned vehicles. Mileage reimbursement is usually offered to employees who must use their own personal vehicles for travel on company business.
What is gas mileage reimbursement Nebraska?
Gas mileage reimbursement rates in Nebraska vary depending on the organization or employer. However, the standard mileage rate set by the IRS for business use of a personal vehicle in 2021 is 56 cents per mile. Employers can choose to reimburse at this rate or a different rate they determine. It's important to check with your employer or organization to learn their specific gas mileage reimbursement policy in Nebraska.
