Per diem will i owe taxes?

Discussion in 'Questions From New Drivers' started by Travelworld2067, Jul 15, 2018.

  1. windsmith

    windsmith Road Train Member

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    Dude, I got two loans on new cars in '09 and '11, and was absolutely allowed to use my per diem income as income for loan qualification. What's your experience been?
     
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  3. Travelworld2067

    Travelworld2067 Light Load Member

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    I have a retirement plan i could careless about ss

    Apparentlt yiu can no longer deduct daily expenses yourself your company can only do it
     
  4. Travelworld2067

    Travelworld2067 Light Load Member

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    Bottom line per diem is dope
     
  5. Call_Me_The_Breeze

    Call_Me_The_Breeze Medium Load Member

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    Right you are, but unless I'm mistaken, that doesn't take effect until next year, does it?
     
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  6. Oldironfan

    Oldironfan Road Train Member

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    No idea.
    Do you work for Traveloko?
     
  7. driverdriver

    driverdriver Road Train Member

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    At that time I was selling my property and had accounts at my local state bank and a credit union both said no it's no longer used as income as well as a private lender.
     
  8. Travelworld2067

    Travelworld2067 Light Load Member

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    Isnt traveloko an all owner op company? Im a company driver so no i dont. Im aspiring to run with admiral merchant
     
    Oldironfan Thanks this.
  9. Travelworld2067

    Travelworld2067 Light Load Member

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    Im not following what doffernece would per diem make in loans? If im gross 1450 im grossing 1450 if im netting 1100 im netting 1100. How would per diem affect that with a loan? Do you mean its not used like instead of my net 1130 or whatever the bank sees it as the normal person net of 1050??
     
  10. driverdriver

    driverdriver Road Train Member

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    If you mean stupid then yes.
     
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  11. Travelworld2067

    Travelworld2067 Light Load Member

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    So you rather take home 1050 instead of 1150? A week? Put your helmet on driver.
     
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