per diem question

Discussion in 'Central Refrigerated' started by Lady K, Jan 2, 2011.

  1. Klingon

    Klingon Heavy Load Member

    777
    313
    Nov 30, 2010
    Sacramento, CA
    0
    I have used "Turbo Tax" for most of the last 15 years. I do my own taxes.
    TT is great and will walk you through just about everything you need.
    It works for personal, business and investments too...
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. ChromeDome

    ChromeDome Road Train Member

    3,706
    2,086
    Jun 10, 2007
    Lakeland, FL
    0
    I have used it in the past. But it does not, or at least a few years ago, did not, perdiem correctly for OTR drivers.
    It asked all the proper questions. But did not use the proper rate.
    So I either pay someone to do them, or I do them myself. And even when I pay someone to do them I check the work they do to make sure I come up with the same answer.

    You want to see a really LARGE deduction look at my example and use a realistic number of days out for a team.
    I used a very lowball number. 90% of Central drivers will be on the road 320 days a year.
    So do the math on a team that way.

    320 x 59 x .8 x 2 = 30,208

    Now that is a good deduction when you made less than 100k total as a first year team filing jointly.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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