2011 per diem

IF I'm looking at this right (it's my first time doing truckers taxes for my husband) I think the rates are here on this site, there's an excel file you can open to see http://www.gsa.gov/portal/content/103168#MIEBreakdown

 

It has remained the same for this year as last year. $59.00 per day 80 % is deductible above the 2% AGI floor.

 

Every year the per diem rate is reviewed. The rate is reviewed by the GSA and the rates are effective October 1st. The GSA left the current rate alone which is $59.00 per day.

The rates will be reviewed again at the end of this year. Any new rate will take effect October 1st 2012.

 

It is STILL the same there was no change. You can review the info yourself if you like;


http://www.gsa.gov/portal/category/21287

Remember the $ 59.00 rate is a simple hi/lo method that takes the place of having to look up every city you traveled to or thru for your job.

80% is the actual amount you get to deduct (after you have met the 2% AGI thresh hold).

 

http://www.landlinemag.com/Story.aspx?StoryID=21747

something to read when considering going the perdeim route

 

What is the agi threshold?

 

schedule C there is no 2% part 100% of the 80% .
schedule a is different