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Are You Losing 40% of Your Company Vehicle Allowance to Taxes?

by mBurse Team Member, on Feb 17, 2020 7:15:00 AM

If your company pays a monthly vehicle stipend, 40% or more of that money could go to federal and state coffers this tax season. With tax returns on everyone's minds, now is a great time to review...

Benchmark for 2020 with our 2019 Car Allowance Survey Results

by mBurse Team Member, on Dec 16, 2019 7:00:00 AM

Our annual survey results have arrived, and they reveal negative impacts of the tax reform on employees who receive a car allowance or vehicle reimbursement. As a result, 9 out of 10 companies...

3 Self-Guided Steps to Improve Your Car Allowance or Reimbursement for 2020

by mBurse Team Member, on Oct 21, 2019 6:16:00 AM

The 2019 tax-filing season exposed inadequate car allowances and vehicle reimbursements nationwide. This was the first time mobile employees could not write off unreimbursed business expenses. Now...

2020 Car Allowance Policy: How to Set the Proper Amount

by mBurse Team Member, on Jul 1, 2019 9:56:25 AM

In the wake of the 2018 tax reform businesses MUST fully reimburse employees who use personal vehicles for work. The changes in tax code have eliminated the federal deduction for unreimbursed...

2020 Mileage Reimbursement: How to Set the Proper Rate

by mBurse Team Member, on May 13, 2019 9:34:15 AM

The 2018 tax reform made it crucial to pay the proper mileage reimbursement to employees. Employees cannot deduct unreimbursed business expenses until 2025. They now expect employers to pay a...

Top 5 Reasons to Revisit Your Car Allowance in 2020

by mBurse Team Member, on Jan 7, 2019 11:40:02 AM

In the spring of 2019, taxpayers filed under the new tax code for the first time. Changes in the rules governing miscellaneous deductions affected thousands of workers who receive a taxable car...

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