E1: 07: Exclude $255 a Month From Tax Wages Per IRS
(Doc ID 2276016.1)
Last updated on FEBRUARY 04, 2019
Applies to:JD Edwards EnterpriseOne US Payroll - Version 9.0 and later
Information in this document applies to any platform.
The goal is to include in gross wages the full amount of the parking paid on the employee's behalf, taxable wages should be reported at the amount over $255 per month (due to the federal exclusion), and net pay should not be impacted by this entry. How do you exclude the $255.00 per month from taxable wages?.
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