My delivery/messenger job gives funds to buy weekly train passes and lists it as Expenses in the paystub. Help (pay, taxes)

[turner23x]

So im a messenger and they put money on are pay check every week to buy train passes. And they list it as Expenses. How is this going to affect me next year when I do my taxes.

The money isn't being taxed right now. Should I save like 15% of it for tax time, next year? Or is this just tax free money I get to keep?

[Lowexpectations]

Expenses through payroll are generally not taxable. I had 10k+ last year and none of it was taxable


Please consult with your tax advisor

[Electrician4you]

You're not gonna be taxed on it. They are simply giving you the money to buy a train pass. They are deducting it as a expense not you. It's simply written in your check to you to buy the pass. Normally expenses are written on a separate check.

It would be no different than say you going and buying the pass with your money and turning in the receipt and getting a reimbursement check.

[turner23x]

Originally Posted by Lowexpectations

Expenses through payroll are generally not taxable. I had 10k+ last year and none of it was taxable


Please consult with your tax advisor

whats your job?

[Lowexpectations]

Originally Posted by turner23x

whats your job?

I'd rather not disclose specifics but I'm in the financial services industry

[dmills]

Judging from your gross pay, you are probably going to get a refund of all your taxes anyway (unless you have income from another source).

[teoreticar]

Is this for a day?