Per Diem tax reporting

i've never seen it reported before. neither has my brother in law.

he never claims it. that's money you have to pay taxes on.

sucks that yours is reported though.

 

Are you saying that your employer is paying for all your meals on the road? They are giving you extra money besides your regular pay? Hmmmmm.
Oh by the way Barstow girl, I'm in Lucerne.

 

Are you saying that your employer is paying for all your meals on the road? They are giving you extra money besides your regular pay? Per Diem you usually use it as a tax deduction not an income.
Oh by the way Barstow girl, I'm in Lucerne.

 

snowwy if you don't claim per diem you are paying a lot more taxes!!! Putting in your per diem is a huge deduction! To the OP if you don't itemize, it will not be listed.

 

ummm, i claim per diem. but it's also not listed on my w2. i get to itemize, and maximize my tax write off.

his is listed. which means he has to claim the additional income. and pay taxes.

 

Line 14 of the w-2 is for informational purposes only. The amount reflected on this is the amount of per diem that the company adjusted the income for.

So, when figuring the per diem for taxes for days out, you remove the amount from line 14 from it.

 

That sucks....my last company did 5 cents a mile per diem...but they paid it to me as a reimbursment, so I didn't have to say anything about it. was never on my W2, and it lowered my taxable income because it was taken out before they figured taxes. Add on the federal per diem of $xx per 24hr period on the road...nice chunk of taxable income taken out.

 

But, I'll probably get audited and find out that I'm gunna get screwed later on lol