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QUESTION DETAIL
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I receive a non-taxable transportation stipend from my company. The stipend doesn't even come close to covering the miles I drive on my personal vehicle. When I file, will I have to file to claim this as stipend as income? Also, I have been keeping a detailed log of the miles, is the stipend going to offset the actual IRS $0.56 standard mileage?
ANSWER
The BIDaWIZ Team's Answer:
To directly answer your question, the amount is not taxable to you as long as the stipend does not exceed the standard mileage deduction of $0.56 per mile.
References: IRS Publication 463 & IR-2013-95
State: WA
