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That would depend on the jurisdiction where you live.

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14y ago

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Q: Is mileage reimbursement taxable
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Continue Learning about Accounting

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).