Trucker Per Diem Rates


News

Prior to Nov,1, 2003 the per diem rate for meals was 65% of $40 per day.  After Nov,1, 2003 the rate increased to 70% of $41 per day.

The deductible portion of food or beverage expenses gradually increases for individuals during, or incident to, the period of duty away from home and subject to the hours of service limitations of the Department of Transportation ( § 274(n)(3)).

For taxable years beginning after 1997 the deductible percentages for such expense are:

For Taxable Years Beginning In: Applicable Percentage:
1998 or 1999 55%
2000 or 200160%
2002 or 200365%
2004 or 200570%
2006 or 2007 75%
2008 and thereafter80%

Applicable Percentage For The Deductible Portion Of Medical Premiums:

For Taxable Years Beginning In:Applicable Percentage:
200160%
200270%
2003100%



Click Here For Our Most Popular Pages

Truckers Report Jobs

Trucking Jobs in 30 seconds

Every month 400 people find a job with the help of TruckersReport.


Comments

3 comments. Add a comment.

Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>