B
bogey
Guest
Late last year my company started taking taxes out of my auto allowance. I keep a detailed mileage log and every month I consistently exceed the number of miles the allowance would cover if it were based on the maximum federal per mile allowance. I itemize my taxes so it wasn't that big of a deal in the past, but now that my company has started taxing my auto allowance, how does this impact me from a tax standpoint? Someone told me that when they started taxing the allowance it was no longer technically an auto allowance but compensation. Is that true? If so, what options do I have to recover my lost auto reimbursements?