Company vehicle stipend

3,446 Views | 27 Replies | Last: 2 yr ago by 62strat
agcivengineer
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AG
For those of yall who receive a stipend to drive your personal vehicle, how much is it? Is anything else included like a gas card or insurance, maintenance, etc?
62strat
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$750 a month, can use it for whatever I want, or save it if I have no vehicle note.
TxAg20
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Mine was $1,000/month plus fuel until I left that job in June of 2022. I'm not sure what's normal now.

I should add that our options were:

F-250 XL, gas, 4x4, extended cab, all vehicle expenses paid, or

$1,000/month plus fuel.
TXAGBQ76
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AG
Counts as income?
bam02
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Dang mine sucks. I get $540/month plus a variable per mile reimbursement supposedly based on local cost factors (fuel, insurance, etc) that has typically been about $0.20 per mile. That basically covers gas and that is it (Toyota Tundra). I get $100 less per month because my truck is more than 5 years old.
chumpy
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At my company we get $1100 per month plus a fuel card and basic maintenance covered. Vehicles must be truck or SUV, have 4 doors, 4WD, and less than 5 years old.
MS08
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People commenting about their setup W-2s? And not 1099s?
Dill-Ag13
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Dang that's a nice injection every month
62strat
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MS08 said:

People commenting about their setup W-2s? And not 1099s?
mine is 1099NEC
evestor1
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I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
TxAg20
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MS08 said:

People commenting about their setup W-2s? And not 1099s?

Mine was W-2.
gigemhilo
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TXAGBQ76 said:

Counts as income?
It should unless you are getting a $ for $ reimbursement.

Its supposed to be included in your W2 if you are employee.
TXAGBQ76
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AG
That's the way it was back in the day, wasn't sure if there had been chances.
62strat
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evestor1 said:

I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
I used to think this.. then I got laid off and was left without a vehicle. For a family with a working spouse, that sucked.

Luckily my MIL had an extra vehicle, down in dallas, so I flew there (from denver), and drove it back up, kept it until I found a new job (almost 4 months), the one I have now. Then I bought my truck, and now I totally prefer to just get money for it and have my own vehicle.

I'm in a lucky position, working at a GC, the PMs are the ones who get the vehicle allowance for obvious reasons, but I'm an estimator (in other words - office job), and they offered it to me too.

I don't consider it 'income', other than paying for a vehicle. I have it direct deposit into a separate checking account that is only used to pay the note (which is 0%). When truck is paid off, it will just continue to grow into my next down payment.






TexAg2001
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I also work in precon for a commercial GC. Receive $1400 / mo vehicle allowance, plus all fuel is paid for with company CC. No restrictions on type of vehicle.

I haven't had a car note in a while, so it just goes straight into a savings account.
one safe place
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62strat said:

evestor1 said:

I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
I used to think this.. then I got laid off and was left without a vehicle. For a family with a working spouse, that sucked.

Luckily my MIL had an extra vehicle, down in dallas, so I flew there (from denver), and drove it back up, kept it until I found a new job (almost 4 months), the one I have now. Then I bought my truck, and now I totally prefer to just get money for it and have my own vehicle.

I'm in a lucky position, working at a GC, the PMs are the ones who get the vehicle allowance for obvious reasons, but I'm an estimator (in other words - office job), and they offered it to me too.

I don't consider it 'income', other than paying for a vehicle. I have it direct deposit into a separate checking account that is only used to pay the note (which is 0%). When truck is paid off, it will just continue to grow into my next down payment.







If you have an office job, you likely have little or no business mileage. Thus, the monies received as an "auto allowance" are income and should be reported to you that way by the company you work for.
62strat
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one safe place said:

62strat said:

evestor1 said:

I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
I used to think this.. then I got laid off and was left without a vehicle. For a family with a working spouse, that sucked.

Luckily my MIL had an extra vehicle, down in dallas, so I flew there (from denver), and drove it back up, kept it until I found a new job (almost 4 months), the one I have now. Then I bought my truck, and now I totally prefer to just get money for it and have my own vehicle.

I'm in a lucky position, working at a GC, the PMs are the ones who get the vehicle allowance for obvious reasons, but I'm an estimator (in other words - office job), and they offered it to me too.

I don't consider it 'income', other than paying for a vehicle. I have it direct deposit into a separate checking account that is only used to pay the note (which is 0%). When truck is paid off, it will just continue to grow into my next down payment.







If you have an office job, you likely have little or no business mileage. Thus, the monies received as an "auto allowance" are income and should be reported to you that way by the company you work for.
i already mentioned above, I get a 1099NEC for the $9k a year.
MS08
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AG
So you are a W-2 employee but your vehicle stipend comes to you as a 1099 NEC?
62strat
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MS08 said:

So you are a W-2 employee but your vehicle stipend comes to you as a 1099 NEC?
correct.
rodan85
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62strat said:

evestor1 said:

I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
I used to think this.. then I got laid off and was left without a vehicle. For a family with a working spouse, that sucked.

Luckily my MIL had an extra vehicle, down in dallas, so I flew there (from denver), and drove it back up, kept it until I found a new job (almost 4 months), the one I have now. Then I bought my truck, and now I totally prefer to just get money for it and have my own vehicle.

I'm in a lucky position, working at a GC, the PMs are the ones who get the vehicle allowance for obvious reasons, but I'm an estimator (in other words - office job), and they offered it to me too.

I don't consider it 'income', other than paying for a vehicle. I have it direct deposit into a separate checking account that is only used to pay the note (which is 0%). When truck is paid off, it will just continue to grow into my next down payment.







Even worse when your kids get to driving age and you both have company cars...
Ham Slice MRE
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This is not being reported correctly. You should not be paying SE tax on that.
DannyDuberstein
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$800/mo. Just a benefit that comes with my level with no strings attached as far as what you must drive. Just extra pay that gets taxed like anything else. I have an HQ office job. No work related driving required other than going to the office.
62strat
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Ham Slice MRE said:

This is not being reported correctly. You should not be paying SE tax on that.
I'm not in payroll, I'm just a lowly estimator.
one safe place
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62strat said:

one safe place said:

62strat said:

evestor1 said:

I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
I used to think this.. then I got laid off and was left without a vehicle. For a family with a working spouse, that sucked.

Luckily my MIL had an extra vehicle, down in dallas, so I flew there (from denver), and drove it back up, kept it until I found a new job (almost 4 months), the one I have now. Then I bought my truck, and now I totally prefer to just get money for it and have my own vehicle.

I'm in a lucky position, working at a GC, the PMs are the ones who get the vehicle allowance for obvious reasons, but I'm an estimator (in other words - office job), and they offered it to me too.

I don't consider it 'income', other than paying for a vehicle. I have it direct deposit into a separate checking account that is only used to pay the note (which is 0%). When truck is paid off, it will just continue to grow into my next down payment.







If you have an office job, you likely have little or no business mileage. Thus, the monies received as an "auto allowance" are income and should be reported to you that way by the company you work for.
i already mentioned above, I get a 1099NEC for the $9k a year.
And yet you said you don't consider it income. As another poster said you shouldn't be paying SE tax on it. But quite a few companies do it wrong.
aggie_wes
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AG
Just got offered a job with $1500 per month, plus gas card. (maintenance, insurance, and car payment comes out of the 1500). Also has to be a 4 door truck or SUV 4 years old or newer.
62strat
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one safe place said:

62strat said:

one safe place said:

62strat said:

evestor1 said:

I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
I used to think this.. then I got laid off and was left without a vehicle. For a family with a working spouse, that sucked.

Luckily my MIL had an extra vehicle, down in dallas, so I flew there (from denver), and drove it back up, kept it until I found a new job (almost 4 months), the one I have now. Then I bought my truck, and now I totally prefer to just get money for it and have my own vehicle.

I'm in a lucky position, working at a GC, the PMs are the ones who get the vehicle allowance for obvious reasons, but I'm an estimator (in other words - office job), and they offered it to me too.

I don't consider it 'income', other than paying for a vehicle. I have it direct deposit into a separate checking account that is only used to pay the note (which is 0%). When truck is paid off, it will just continue to grow into my next down payment.







If you have an office job, you likely have little or no business mileage. Thus, the monies received as an "auto allowance" are income and should be reported to you that way by the company you work for.
i already mentioned above, I get a 1099NEC for the $9k a year.
And yet you said you don't consider it income. As another poster said you shouldn't be paying SE tax on it. But quite a few companies do it wrong.

How it's paid to me has nothing to do with how I treat it and how I chose to spend it. I'm not defining it for you, I'm telling you how I treat it.

I don't consider it as income = I don't mix it with my salary money and consider it as part of my budget.
It pays for my vehicle, and when vehicle is paid off, it will continue to deposit in its own account and grow. I will never think of it as an extra $750 I can use for spending. That's my personal consideration of it.
one safe place
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62strat said:

one safe place said:

62strat said:

one safe place said:

62strat said:

evestor1 said:

I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
I used to think this.. then I got laid off and was left without a vehicle. For a family with a working spouse, that sucked.

Luckily my MIL had an extra vehicle, down in dallas, so I flew there (from denver), and drove it back up, kept it until I found a new job (almost 4 months), the one I have now. Then I bought my truck, and now I totally prefer to just get money for it and have my own vehicle.

I'm in a lucky position, working at a GC, the PMs are the ones who get the vehicle allowance for obvious reasons, but I'm an estimator (in other words - office job), and they offered it to me too.

I don't consider it 'income', other than paying for a vehicle. I have it direct deposit into a separate checking account that is only used to pay the note (which is 0%). When truck is paid off, it will just continue to grow into my next down payment.







If you have an office job, you likely have little or no business mileage. Thus, the monies received as an "auto allowance" are income and should be reported to you that way by the company you work for.
i already mentioned above, I get a 1099NEC for the $9k a year.
And yet you said you don't consider it income. As another poster said you shouldn't be paying SE tax on it. But quite a few companies do it wrong.

How it's paid to me has nothing to do with how I treat it and how I chose to spend it. I'm not defining it for you, I'm telling you how I treat it.

I don't consider it as income = I don't mix it with my salary money and consider it as part of my budget.
It pays for my vehicle, and when vehicle is paid off, it will continue to deposit in its own account and grow. I will never think of it as an extra $750 I can use for spending. That's my personal consideration of it.
I have no comment on how you treat it in your own mind or budget, or what you use it for, only saying that it is taxable income and (due to an employer error) it is also subject to self-employment tax.
62strat
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AG
one safe place said:

62strat said:

one safe place said:

62strat said:

one safe place said:

62strat said:

evestor1 said:

I have had the following:


2013 - 650 per month and fuel card
2015 - 1300 per month and fuel card
2016 - 1000 per month and fuel card
2017+ - company vehicle


I would choose company vehicle over truck pay all day. I'd have to get 1000 minimum to bother owing my own.
I used to think this.. then I got laid off and was left without a vehicle. For a family with a working spouse, that sucked.

Luckily my MIL had an extra vehicle, down in dallas, so I flew there (from denver), and drove it back up, kept it until I found a new job (almost 4 months), the one I have now. Then I bought my truck, and now I totally prefer to just get money for it and have my own vehicle.

I'm in a lucky position, working at a GC, the PMs are the ones who get the vehicle allowance for obvious reasons, but I'm an estimator (in other words - office job), and they offered it to me too.

I don't consider it 'income', other than paying for a vehicle. I have it direct deposit into a separate checking account that is only used to pay the note (which is 0%). When truck is paid off, it will just continue to grow into my next down payment.







If you have an office job, you likely have little or no business mileage. Thus, the monies received as an "auto allowance" are income and should be reported to you that way by the company you work for.
i already mentioned above, I get a 1099NEC for the $9k a year.
And yet you said you don't consider it income. As another poster said you shouldn't be paying SE tax on it. But quite a few companies do it wrong.

How it's paid to me has nothing to do with how I treat it and how I chose to spend it. I'm not defining it for you, I'm telling you how I treat it.

I don't consider it as income = I don't mix it with my salary money and consider it as part of my budget.
It pays for my vehicle, and when vehicle is paid off, it will continue to deposit in its own account and grow. I will never think of it as an extra $750 I can use for spending. That's my personal consideration of it.
I have no comment on how you treat it in your own mind or budget, or what you use it for, only saying that it is taxable income and (due to an employer error) it is also subject to self-employment tax.
who said I wasn't paying taxes on it?
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