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13 hours ago
If you work overtime and occasionally receive meal money or cab fare home, the amount is tax free. The IRS has not provided a numerical standard for determining when payments are occasional.
2 days ago
If your employer offers you the choice of receiving parking, transit pass, or van pooling benefits instead of cash salary as part of a cafeteria plan and you elect the benefits rather than the cash, you are not taxed, provided the value does not exceed the monthly tax-free limit.
3 days ago
Your employer may decide to treat fringe benefits provided during the last two months of the calendar year as if they were paid during the following year. For example, if your employer makes this election for a company car provided to you in November or December of 2009, only the value of personal use from January through October is taxable to you in 2009; personal use in November and December is taxable in 2010. If your employer elects this special year-end rule, you should be notified near the end of the year or when you receive Form W-2.
4 days ago
Your employer payment of graduate school expenses qualifies for the up-to-$5,250 exclusion.
5 days ago
If you paid adoption expenses in 2009 that were not reimbursed by your employer, and the adoption was final in 2009, you may be able to claim the adoption credit.
