Millis chat room
Discussion in 'Millis' started by Sully72, Feb 20, 2011.
Page 313 of 452
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#### db2681 you just are,nt having any luck
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Hey all have a question.
Are there any drivers that currently do per diem pay and if so, how well does it work out? -
I am on per diem. The 3 weeks of vaca was great. I still was able to claim 6k of per diem on taxes, between what i could claim and what they with held. The safety bonuses are nice also. Do i got no issues.
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Per diem works great for the company, l do my own per diem at tax time, do the math on the vacation pay,bonus pay vs.straight pay and tell me your better off
Sent from my RM-845_nam_vzw_100 using Board Express -
heres the thing it depends on your age if your older and have maxed out on social security then go with perdiem however if your younger I would recommend straight pay it perdien directly effect your ss and disabilitie should you ever have to go on it
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Do you per diem guys end up paying in at tax time? Is that the practical difference tax-wise?
From what I'm gathering, per diem looks like a better deal overall. Probably saves Millis a boatload on SS & Medicare, and in turn they offer some nice perks for taking it.
Being self-employed, I always planned to end up paying in at tax time rather than letting DC use my money for free anyway... -
Do you realize you're getting 5 cents less per mile on per diem? That's roughly about 7 grand per year.
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3 cent less if you count the extra 2 cent per mile on the safety bonus to start. So 3600 less on a 120k year. I will take the extra vaca time. The lower taxable wages don't matter all that much, if you need a loan or a mortgage you can still have your per diem added into your wages for the loan purpose. It does save millis money I know that, but it doesn't affect me all that much so it doesn't bother me.
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Thanks for all the responses about per diem. I am totally new to trucking so I just want to make an educated decision (wish me luck lol).
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