Our company just sold. We have always been provided company pickups.
Our new employer wants us to provide our own pickup and will pay us $***x a month plus pay for our gas to drive our own. We are responsible for tires, maintenance, etc.
The allowance will not have taxes taken out as we will have to keep up with our mileage and treat it as mileage reimbursement?
Since the $***x is not taxed will i be responsible for the taxes on that when income tax is due? Or can i use the mileage too as a write off?
If that makes sense.
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Our new employer wants us to provide our own pickup and will pay us $***x a month plus pay for our gas to drive our own. We are responsible for tires, maintenance, etc.
The allowance will not have taxes taken out as we will have to keep up with our mileage and treat it as mileage reimbursement?
Since the $***x is not taxed will i be responsible for the taxes on that when income tax is due? Or can i use the mileage too as a write off?
If that makes sense.
Sent from my SAMSUNG-SM-G890A using Tapatalk
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