Personal Use of Vehicles for 2024
HR Accounting reminds departments that an ÐÓ°ÉÔ°æ's personal use of university vehicles is a taxable benefit to the ÐÓ°ÉÔ°æ and must be reported on the ÐÓ°ÉÔ°æ's W-2. Note that commuting between the ÐÓ°ÉÔ°æ's home and work in a university vehicle is considered personal use of the university vehicle, and is a taxable benefit to the ÐÓ°ÉÔ°æ. The use of university vehicles for an occasional personal errand is considered a de minimis fringe benefit and is non-taxable. Use of clearly marked police and fire vehicles and qualified utility repair vehicles are exempt from the reporting Requirements.
Please refer to to identify which vehicles your department is responsible for (see column H for Org titles) and refer to the instructions and worksheets to your ÐÓ°ÉÔ°æs who have access to use your department vehicles for their personal use (more than just an occasional errand).
These ÐÓ°ÉÔ°æs are required to complete the ÐÓ°ÉÔ°æ notification statement and worksheets, and return them to UA Payroll by November 8, 2024.
Published 5/17/23 UA News
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