The National Directory of Certified Public Accountants

Ask A CPA - Miscellaneous Income

Taxi Fare

In the current year, generally, if you are not considered a highly compensated employee or officer, or corporate director or owner of 1% or more of the company, and you are asked to work outside your regular hours, (considered unsafe circumstances) then only $1.50 per each one way commute is taxable from the payments you receive for taxi's. The excess over $1.50 is tax free.

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