1. LawStack
  2. Title 41 - Public Contracts and Property Management
  3. Subtitle F - FEDERAL TRAVEL REGULATION SYSTEM
  4. Chapter 301 - TEMPORARY DUTY (TDY) TRAVEL ALLOWANCES
  5. Subchapter C - ARRANGING FOR TRAVEL SERVICES, PAYING TRAVEL EXPENSES, AND CLAIMING REIMBURSEMENT
  6. Part 301-52 - CLAIMING REIMBURSEMENT
  7. 41 CFR § 301-52.22
41 CFR § 301-52.22
Will any late payment fees I receive be reported as wages on a Form W-2?
June 9, 2020
CFR

No, the Internal Revenue Service (IRS) has determined that the late payment fee is in the nature of interest (compensation for the use of money). Your agency will report payments in accordance with IRS guidelines.

[FTR Amdt. 90, 65 FR 3056, Jan. 19, 2000]

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§ 301-52.21 Is there a minimum amount the late payment fee must exceed before my agency will pay it to me?
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§ 301-52.23 Is the additional fee, which is equal to any late payment charge that the card contractor would have been able to charge had I not paid the bill, considered income?

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