Saw this on another site. http://www.georgetownclimate.org/files/report/GCC_TaxConsiderationsforWorkplaceCharging_June2016_0.pdf
isn't our government wonderful? what if i take a free cup of coffee with me on the ride home everyday, do i need a ruling?
Bad assumptions...they say an EV uses $600 in electricity per year. At $.10/kwh that is 6000 kwh. I have a Leaf and a PIP and I have low mileage per year. But I get about 4.5 to 5.0 miles/kwh. But even if I only got 4 miles/kwh, that would still be 24,000 miles. Sorry, if they are going to tax this benefit then they need to come up with better numbers since the tax would likely be more than the actual benefit. I don't drive even 1/3 that many miles. In a PIP you can only get about 2.5 - 3.0 kwh/day. Assume 250 days/yr, this is a max of 750 kwh/yr. Or about $75. Less than coffee (which I don't drink) About double that for a Prime. Mike
certainly, one size does not fit all. that would be like a gas station with a fixed price, no matter how many gallons you pumped.
One solution would be to place a meter on the charging station activated by the employee's access card. If the spot is available to the public put it on a network.
Hmmmm... For 18 years, the company I worked for bought and laundered my work clothes (and everyone else's -- and they still do that afaik). That saved me BIG bucks in clothing and laundry expenses. I wonder if they'll tax that now, too.
My work place uses ChargePoint and these stations only work for our employees. But the ChargePoint cards work at any public ChargePoint station. If you don't add a credit card only at other free stations. So the "total" ChargePoint usage isn't accurate, but that could be accounted for. However, because there are about 60 EVs and PHEVs at my company and only a dozen charging stations we regularly plug in each others cars to efficiently use the stations. (Multiple people park near a charger and leave their charging doors open). That would likely stop if we were being taxed... Mike
EV charging would likely fall under transit passes and company van exemptions. On top of that, companies can claim the accounting to be to onerous. They likely didn't install chargers with a meter to begin with, and they won't want to pay to do so later. It might run afoul of the utility companies where they are the only ones allowed to charge for electricity, also. No, we all should just be writing off the costs for any clothes we wear for work.
there are already very detailed rules regarding uniforms, moving expenses and the like. nothing on company toilet paper so far...
How are company provided cars handled? If they pay for the fuel, is that taxed as income to the employee?
more detailed rules. like any car, company owned or not, it has to be used for certain business applications with detailed records kept. if you take it home at night, that's considered personal use.
It's good to know that all other loopholes and tax problems have been fixed so they now have time to take care of this egregious benefit
At least those of us who have enough deductions to itemize. And as insurance gets worse and medical costs climb, that's probably going to be a growing number.
Yes, at my 20th Century workplace. Not just gas, but the entire value of the benefit. I believe a few of the eligible managers even declined the benefit for this tax reason, when the offered vehicle did not fit well to their household vehicle plan.
