Need help with getting info on per diem to give to my company

In 2016. Per diem was $69 and could be used for filing taxes. It lowered your tax rate by exceeding your standard tax deduction .

In 2017. Per diem went bye bye. No longer available for taxes.

Anything your company is trying to offer you is just Vaseline on your bum hole.

 

I’m paid hourly so not too concerned. I see it as icing on the cake.

 

There's no icing on any cake. Only Vaseline.

I've been hourly for the last 10 years.

 

You’re confusing true per diem with the meal allowance.

 

Is meal allowance allowed?

Per diem pays more and doesn't require receipts.

 

No, the daily meal allowance went away for company drivers, companies can still pay a portion of driver wages as per diem to lower taxable income.

 

What Does Per Diem Mean, and What Are Per Diem Rates?

If your company says they pay 65 cents a mile with 20 cents per mile as per diem, you are really only making 45 cents a mile. But, if my company says they pay 65 cents a mile and don't pay per diem, i am really getting 65 cents a mile. Yes, i pay more in taxes such as FICA and SS/Medicare, but my yearly gross will be way more than the guy that gets per diem. When it comes time to retire, i will appreciate that higher gross since it means a bigger SSA monthly payment.

 

If the person getting per diem is investing on their own they will be far better off than paying more taxes and counting on social security.

 

I would opt to take the per diem and invest all or a portion of the money. However investing still carries risk, just ask the unlucky folks planning to retire around 2009. They say social security will run dry in the next 30 or so years, especially with young folks not being able to find good work, I think they just say the heck with it, this affects older workers.
The whole fiat currency idea is most likely a bust in the long run anyway. You're basically being paid with monopoly money.