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Are Monthly Parking Payments Reportable on a 1099 Form?
June 2, 2025
Q. My company will make a payment to 1099 reportable vendor. The payment will be for monthly parking subscription. Should this vendor be issued 1099 MISC (Box 1) or 1099 NEC? For reference, the parking pass is for our subsidiary location employees.
A.
(Answered by IOFM's third-party tax advisor)
While this question is not a 1099-related question and is unfortunately beyond the scope of our Ask the Expert area of expertise, we can offer this guidance: Parking benefits of up to $325 a month are…
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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
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