Hi .. can we still claim 66 dollars a day for food when you're on the road? I Heard they took that away . Haven't went on the road in a few years.. been local
Per diem pay
Discussion in 'Trucker Taxes and Truck Financing' started by Octrucker, May 4, 2021.
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Edit actually I believe there are ways for company drivers too but not sure so maybe I should have just shut my pie holeslow.rider and Octrucker Thank this. -
Only way for company driver to get per diem to my knowledge is if the company pays you per diem pay otherwise can't be claimed on taxes
Accidental Trucker, slow.rider, Bean Jr. and 3 others Thank this. -
slow.rider and Octrucker Thank this.
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slow.rider and Octrucker Thank this.
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OP seems to be mistaken with what sounds like a tax credit or tax deduction for meals away from home.
When I was receiving “per diem” it was a hourly tax free payment for every hour i was gone from home terminal.... it was quite sweet.slow.rider Thanks this. -
Per diem wasn't eliminated, per se. Rather non-reimbursed employee business expenses, which includes per diem, was eliminated. If you are a w2 construction worker, you can no longer deduct work boots, etc. For most workers, the doubling of the standard deduction more than made up for losing that $200 deduction. But it really hurt many company drivers.
slow.rider Thanks this. -
Per diem still exists. Stevens pays 40 cpm 10 of which is per diem and not taxed.
'88K100 Thanks this. -
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Your company can provide you with some cpm. It's untaxed and doesn't count as income. If you are a percentage driver then it would a set amount per day that you are away from home. Legal max is 66$ per day or 462$ per week.
If you're an OO it's whatever your accountant says you get.. LOL
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