I been doing research but still kind of confused.
From February to the end of the year in 2019 I was on per diem after hiring on with Schneider.
Now looking at my year end I got about $8,000 in per diem.
Looking at some threads and videos people are saying company drivers(me) can no longer claim per diem as a deduction.
Does that mean that we will owe and have to pay that per diem back?
Another question, does taking per diem mean you don't get your tax refund?
If company drivers lost per diem what exactly does this mean
Discussion in 'Questions From New Drivers' started by DAX_, Jan 7, 2020.
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Taking per diem has nothing to do with your tax refund. Hoe much you have withheld from your pay minus your tax liability will equal you refund amount.WesternPlains, tscottme and DAX_ Thank this. -
Since we lost the daily allowance, is there any reason to download logs anymore?
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That daily IRS deduction for meal and incidental expenses has gone away for company drivers.
Companies can choose to pay company drivers a daily amount of untaxed money. That "per diem" continues but it no longer gives the driver a tax benefit like the pre-2016 taw rules allowed.Coffey, DAX_, HillbillyDeluxeTruck and 1 other person Thank this. -
So this only benefits l/o and o/o as far as taxes go. -
It benefits a company driver, or anybody if the company chooses to designate part of your pay as per diem, You do not have to pay tax on that amount.
An oo can still take the per diem tax advantage off of his gross pay, where a company driver is not allowed to any more. -
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For the most part per diem benefits the company, not the driver. It allows the company to pay less for workmens comp, etc. Trust me, the company isnt doing per diem pay to help you out. Alot of drivers wont even work for a company that pays by perdiem.
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