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An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
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“In addition,” said Staton, “Social Security benefits are fully exempt from income tax in Georgia.” Read Next: 4 Ways Baby Boomers Become ‘House Poor’ in Retirement Hawaii
It seems as if the mindset is slowly gaining traction, as a 2023 study from Global Business Travel Association projected spending on business travel will surpass pre-pandemic levels of $1.4 ...
Business travel. Business class seats (pictured aboard an Emirates aircraft) in aircraft usually provide more space and facilities than the standard class. Business travel is travel undertaken for work or business purposes, as opposed to other types of travel, such as for leisure purposes or regularly commuting between one's home and workplace.
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