Versions: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28. 000 FXUS62 KKEY 171823 AFDKEY Area Forecast Discussion National Weather Service Key West FL 223 PM EDT WED AUG 17 2016 .DISCUSSION... .CURRENTLY... Skies are partly cloudy with temperatures ranging from the upper 80s to near 90 degrees along the Florida Keys.
The IRS treats a per diem payment as a reimbursement for business expenses. As such, the amount is not taxable income, as long as the per diem does not exceed the actual expenses incurred. Employees are expected by IRS rules to keep track of itemized expenses and return any excess per diem payment to the employer, otherwise the excess is reported as wages on the W-2, and taxed as income.
Taxable Income. Taxable Income is the amount of money you have earned that you will be required to pay taxes on. Upon filing out your taxes you will deduct your exemptions and deductions allowed from your adjusted gross income. The remaining amount is your taxable income.This number is not used on the FAFSA form.axable Income. Taxable Income is the amount of money you have earned that you will be required to pay taxes on. Upon filing out your taxes you will deduct your exemptions and deductions allowed from your adjusted gross income. The remaining amount is your taxable income.