Explore the 1,000’s of tax questions answered by professionals.

Back to list

QUESTION DETAIL

Related User

Votes

If I am reimbursed $0.555 per mile for my job travel and my employer uses an accountable plan, do I have to report that on my personal taxes?


ANSWER


The BIDaWIZ Team's Answer:

Your employer must be using an accountable reimbursement plan in which the mileage reimbursement would not be reported on your W-2 form. Since they are reimbursing you by the $0.555 standard mileage rate, you will not need to do anything for tax purposes and cannot elect a tax deduction.

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.