Per diem

I for one would rather not receive per diem. As you stated Henry425 the reduced taxable income and reduction in SS payments and at 60 now, I need to put as much into SS as I can.

Best to keep all receipts and take all the deductions allowed by IRS. I think you would come out better in the long-run anyway.

 

SS??? lmao...I would count on that as much as I would count on winning the lotto!

 

I RS says you can claim per diem yourself or you can let them do it. one or the other. if your company pays you .40 cents per mile and .8 cpm is per deim, you only make what is on the books, and since per diem is paid for you it is not for you to claim. since its not yours to claim, it is not on the books, and since it is not on the books, you my friend hauled freight for .32 cents permile. you can claim that you recieved .8 cpm for lets say 600 miles a day. so you got 48 $$ a day per diem from them and forfeited. 59$$ a day. now lets say you were out for 45 weeks. Of those weeks you spent an average of 30 days you didnt move for reasons of a 34 hour or no load available. thats almost 1800$$ you gave away because you were on a cpm per diem. so to put it into perspective, you gave away 1800$$ in exemptions for days out, you gave away 11 $$ aday. for the days you ran 600 miles, and you let them convince you that you would roll for 32 cpm. just sayin. in the last 20 years have you ever seen anything advertised for you benefit, that really and truly was for your benefit? I havent. wow that was alot to say from a phone. lol

 

For OTR drivers, IRS allows 59 dollars a day and 65 if in Canada. The day you leave home and the day you return you can claim 75 percent of the 59.