My husband has always been an owner/operator up until this past year. He is now a company driver. We have always taken the per diem on our Schedule C because it was an unreimbursed expense for us. Now, the company automatically pays him per diem on certain runs. It shows on his check as per diem, but not on his W-2. My question is: Can we claim ANY of this as an expense on the Schedule A, or is it just considered income? Also, do I claim the amount the company paid, or the difference between that amount and the flat rate amount? I hope this is not too confusing, any help is greatly appreciated. Thanks!
Need Per Diem Help Please
Discussion in 'Trucker Taxes and Truck Financing' started by Freckles828, Feb 4, 2011.
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Just worked on my nephews taxes with him(I'm O/O) his company does the take cents off per mile as per diem than adds back in after figuring taxes--this per diem amount is listed in box 12b of his W2 with the box marked with an L--So we figured his days out(actual days--counted his logs)did the math= (days out x $59 X80%
them we deducted the amount in box 12b from that figured(just to be safe)--then entered adjusted number on his 2016 and added that number on line 24 of his 1040.
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I do understand how you did that, however, there is no amount specified on his W-2 other than Wages, SS Wages, Medicare Wages, Fed WH, SS WH and Medicare WH. The part that is confusing me is that on each of his paychecks, his gross amount is smaller than his net. I assume that's because of part of it not being taxable. I guess I need to look at each of his paychecks, total the per diem amount paid, then total his actual days out at the $59 rate (80%
and claim the difference like you stated. Thank you.
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