Currently living in Europe. As title suggests, got offered a contract with certain taxable benefits in LA.
Base salary 85k
Housing allowance, up to 3000 per month
Car allowance (company lease), up to 500 per month
My company will be on the lease for both the apartment and car and will pay directly to landlord / lease company.
How are the allowances taxed exactly? Let's say I find an apartment that's exactly 3k in rent, which my company will directly pay to the landlord. Do I then need to pay income taxes on that amount, which will come out of my 85k?
Also, I don't get to keep any allowance I don't use. So would it be wise to find something that's close to the maximum amount?
Submitted December 06, 2021 at 10:45AM by Hacksacker https://ift.tt/3pvvsYT
