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I am considering a job offer from another company.
I currently have a company truck and gas card.
Other company won't give me a truck right away but are offering $75 a week vehicle allowance. Gas will run about 40 to 50 bucks a week.
Is this going to screw me tax wise? Will the allowance be taxed as income?
Lots of other good reasons for making the switch, but this seems like a drawback.
Trust in God, but row away from the rocks.
Small wheel turn by the fire and rod, big wheel turn by the grace of god.