Per diem? On taxes

Discussion in 'Trucker Taxes and Truck Financing' started by Bumpy, Jan 22, 2010.

  1. Bumpy

    Bumpy Road Train Member

    6,527
    5,242
    Jan 27, 2009
    New Ulm,MN
    0
    I to,had to take a job where the company does a per diem of 8 cents a mile daily.Can I turn this to my advantage now that tax time is near,or am I screwed?:biggrin_2556:
     
  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
    You just need to calculate how much per diem you would have recieved, then subtract what you were already paid from it.
    Jan 1- Sept 30 rate was 80% of 52 dollars a day.
    Oct 1- End of year was 80% of 59 dollars a day.
    You will still have some to write off. I am sure .08 a mile did not cover all you would be owed.
    Unless you itemize anyway though it may not be enough left to cause you to itemize.
    OOIDA and other sites have good info on how to claim it.
     
    Bumpy Thanks this.
  4. Rug_Trucker

    Rug_Trucker Road Train Member

    3,335
    867
    Aug 7, 2009
    Near Nashville TN
    0
    I sent you a PM with a friend who drives his own rig and does taxes. He has done mine for the last 7 years. I have known him for 30 years.
     
  5. Jack Smithton

    Jack Smithton Light Load Member

    255
    167
    Jan 1, 2009
    so cal
    0
    Um . . . can you say that again a little bit more slowly?
     
  6. Rug_Trucker

    Rug_Trucker Road Train Member

    3,335
    867
    Aug 7, 2009
    Near Nashville TN
    0
    Remember even if you were doing your 34 hour reset on the road. You are entitled to 80% of the 52-59 for each day. Same thing for sitting for a day or two waiting on a load........
     
  7. He who is called I am

    He who is called I am Medium Load Member

    437
    97
    Dec 18, 2008
    Da U P Eh, Michigan
    0

    Slowly...lol it in writing. Doesnt get much slower than that.. :biggrin_255:
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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