Business Vehicle Programs: Why is a Car Allowance Taxable?
Runzheimer
AUGUST 17, 2023
Why a Car Allowance is Taxable Across industries, car allowances have long been a favorite vehicle program. Which, for a company with hundreds of driving employees, or just a handful, may seem like the way to go. It doesn’t matter how much an employee drives or if the price of gas changes, their vehicle allowance will remain the same.
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