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QUESTION DETAIL
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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.
