Taxed on travel benefits?
10-12-2017, 01:06 PM
#1
Doesn't Get Weekends Off
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Joined APC: Jun 2007
Posts: 2,598
Taxed on travel benefits?
Am I the only one who read this on the weekly update and is worried about being taxed on imputed income for travel companions? So if I head to Europe with the wife and get Delta One am I going to see an imputed income charge for $10,000 of income on my check? Isn't a spouse considered a travel companion?
10-12-2017, 04:49 PM
#4
Kerbal Rocket Surgeon
Joined APC: Dec 2007
Position: DTW 717A
Posts: 1,099
Originally Posted by RockyBoy
Am I the only one who read this on the weekly update and is worried about being taxed on imputed income for travel companions? So if I head to Europe with the wife and get Delta One am I going to see an imputed income charge for $10,000 of income on my check? Isn't a spouse considered a travel companion?
The imputed income thing could actually be a win if it goes the way they are explaining it. You take the current yield / buddy fare and it gets added to your paystub as income instead of paying 100% of it out of pocket. So depending on your tax rate that year, you'll realistically only pay ~33% of what you did before.
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