Travel Reimbursements: Are They Taxable Income Under IRS Rules?
Are travel reimbursements taxable? Most travel reimbursements for temporary work are not taxable if the work duration is less than a year. However, if the assignment is expected to last over a year or indefinitely, the reimbursements become taxable. Ensure records are maintained for accurate tax reporting. When your employer reimburses you for business travel, … Read more