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Question about my reimbursement. Every recieved a check from my job. I get a reimburse of $5.50 because I travel for work related in NYC.?
On my pay stub it says reimburse then under taxes is my 5.50 beside it said FWT. Which stand for federal withholding. Why would my job withhold something they reimburse me. Wouldnt it be in my regular hours?
Does reimbursement get tax?
2 Answers
- Wayne ZLv 71 year ago
You employer must have a "Non-Accountable Plan".
https://www.investopedia.com/terms/n/non-accountab...
In previous years, employees could take a tax deduction on their tax return for these items. However, this deduction was eliminated in the new tax law.
Talk to your employer about switching to an Accountable Plan.
EDIT: Yes. I understand that. However, if your employer has a Non-Accountable plan, the reimbursement is subject to tax.
