4 replies
by alpearson82 Accepted solution
by dr dij Accepted solution
Don't include mileage in your hourly wage or you'll be taxed on it.
A certain rate for mileage is NOT considered income by IRS but expenses, which it is.
If included in your wages they will deduct taxes from it.
I'd suggest you do what most companies do, you record your start and end miles. Along with company name you visited that day.
Submit these daily or weekly to your payroll person. They'll add up miles for week and cut you a check for this which will be included along with your payroll, or sometimes later. But it should NEVER SHOW on payroll income or be included in same check.
YOU will be the loser if they do this.
by alpearson82 Accepted solution
by dr dij Accepted solution
it benefits both you and the employer to put this as an expense, else the govt would take 20% or so depending on your tax bracket, and is getting more and more expensive to drive, with high fuel costs.
plus if it shows up on your salary, makes your salary higher than it is and you're less likely to ever get more money as looks like you're paid more than you actually are.
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