Per Diem

I'm pretty sure it will reduce your vacation pay. Vacation pay is based on average weekly gross income (from what I was told). If that's the case, you'll get less vacation pay as well.

 

The only thing you need in the case of an audit are your logs. You do not need to save all of your receipts.

 

Old post, but you do not need to keep receipts for food.

 

True, but in the event that the logs are questioned, they can provide additional proof of being there under audit.

 

SNI uses Elogs. But you are of course right, further evidence if needed.

 

I hope this is an ok thread to ask this.
My husband is 2 weeks on the road with Schneider. I am very unclear and unsure about the per diem payment he is receiving. My quesiton is: Do we have any reporting requirement on our tax return regarding the per diem he is receiving? They are paying him $.11 per mile taxable and $.16 per mile untaxed. Right now this is amounting to NO federal taxes beign withheld. I am unfamiliar with the per diem and would appreciate someone with knowledge clearing this up once and for all for us so I know how to plan and what to expect come tax time.
Thank you
Liana

 

no additional reporting needed.

 

Subscribing, because I can never find these threads when I look for them...

 

Your per diem will b on your w4. When you or who ever does your taxes it'll b asked. Just because your taking per diem doesn't mean u can't apply more. How it works it'll ask how many days you where away from home. Multiple it by the rate think it's $49.00 a day. Take that total and minus what you recieved from sni. That's how much more your owed. As a trucker you really shouldn't do your own taxes, there are so many deductions you can take.

 

Be on the W-2.

In reality, with the per diem, after the itemized limitations, probably not going to be much.