Per diem pay
Discussion in 'Trucker Taxes and Truck Financing' started by Octrucker, May 4, 2021.
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If you are a company driver then you can't deduct any employee non reimbursed business expenses. If an O/O or independent contractor then yes, you can deduct parking fees separately.And incidentally, hotels are not included either. You can deduct those separately too. From the IRS:
The per diem rate for M&IE includes the following items: • All meals, • Room service, • Laundry, dry cleaning, and pressing of clothing, and • Fees and tips for persons who provide services, such as food servers and luggage handlersBean Jr. Thanks this. -
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I heard that a truckers spouse can claim a certain amount of per diem if she is with the driver every day and helps with the business. Any truth to that? I was told she can claim half of the 66 dollars so 33 per day?
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IF the "trucker" is an owner operator (not a company driver), AND the spouse is on the truck, and away from home, just like the driver is, AND works every day on the trucking business, than yes, she qualifies for the "transportation worker's M&IE deduction. At the SAME rate as the driver.
Check with a good CPA. She may have to be employed by (and paid) or an owner in the company to qualify, and there may be other "gotchas". Immaculate record keeping would also be advisable.Bean Jr. Thanks this. -
From what I can understand, if you claim you had expenses of $69 per day or less, then you can get a per diem of 80% of that. So $55 at best. These do not have to be backed up with receipt. You could claim more, but then you would need actual receipts.
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You understood well.
Per diem is backed up with the log books in case that you are audited...
You need receipts if you spend over $69 per day. -
100% for 2021 and 2022 because of the covid relief bill BS. $66 for 2021 and $69 for 2022 for a full day of per diem. 75% for a partial day (where you either wake up or go to bed at home). Log book sheet for the day is your receipt.makterna, gekko1323, Octrucker and 1 other person Thank this.
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If you are paid with a 1099, you can deduct 80% of $69, or $55.20. This came into effect last October 1st. But as someone else pointed out, you can deduct the full 100% due to the China Virus. I didn't know that.
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Are you sure you can deduct the full 100% of $69? Because I'm about to do my return for last year.
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