Car allowance

babygal

LG是sales，公司不提供车但有每月税前1000元的car allowance。我们计划买辆车做为他上班和周末家庭用车，但对car allowance退税不很明白。有朋友建议租车最可行。

有没有高人可以指点一下，如何使用这笔car allowance是最有利的做法？car allowance也要交税，有什么方法可以最大限度退税？

另外，我们目前没有任何投资，是不是只有这样白交税啊？

tallgeese

我每年也有1w的 allowance ， 但是我自己有车， 同问啊， 不知道怎样比较合理

JohnnySu

On the income side your allowance is taxable.

On the deduction side if you can establish nexus b/w your motor vehicle expenses and your job you can claim MV deductions.

There are four methods in working out MV deductions.
Which method to use depends on which one gives the best result and also what substantiation you are willing to keep.

YourHealth