Originally posted by 71chevellejohn
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Pay more in taxes because I have a take home service truck?
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Originally posted by 2011GT View PostEven if he has to pay taxes on miles to and from work it's probably cheaper then driving his own truck..
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Our company has a similar policy with the company vehicle. We get charged a certain monthly fee, $90-130 depending on your vehicle type, and then we have to report our mileage broken down between business and personal usage. The company handles all fuel, maintenance, insurance and registration costs. Basically if you end up with less than about 12% personal usage they do not report any additional income on your W2 at the end of the year. It isn't exactly what I signed up for 13 years ago however our group was bought by a larger company who makes the rules.
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