Dont understand Per Diem....

Discussion in 'Questions From New Drivers' started by Zephex, Jun 25, 2014.

Page 4 of 4
  1. Jun 25, 2014 #31
    70s_driver

    70s_driver Medium Load Member

    611
    358
    May 4, 2014
    0
    Yea that's what it said on my last earnings statement, which was right before they quit mailing them out but they have started back mailing them out now.
     
    70s_driver, Jun 25, 2014
    70s_driver, Jun 25, 2014
    #31
    tow614 Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Jun 25, 2014 #32
    tow614

    tow614 Road Train Member

    3,759
    4,631
    Mar 18, 2013
    0
    You pay into it yourself as much as you want.

    If you withdraw before retirement age then you must pay the tax on the gains.

    I bank at US Bank and they have some good ones to go with. When the market crashed a few years ago mine actually made money.
     
    tow614, Jun 25, 2014
    tow614, Jun 25, 2014
    #32
  4. Jun 25, 2014 #33
    Mark Kling

    Mark Kling Technology Contributor

    10,935
    4,216
    Sep 23, 2007
    Statesville, NC
    0
    Yes you can... Figure out your daily for the year for the amount of time you were out. Then subtract what the Company claimed. The difference you can still claim as the company will never match or exceed your daily rate. They exceed, they are dropped out of the program.
     
    Mark Kling, Jun 25, 2014
    Mark Kling, Jun 25, 2014
    #33
    tow614 Thanks this.
  5. Jun 25, 2014 #34
    70s_driver

    70s_driver Medium Load Member

    611
    358
    May 4, 2014
    0
    Yea that is true. Again I didn't clarify. The difference was never enough for me to bother with because I didn't have anything to go with it to claim. Don't have many deductions at all anymore since everything is paid off. You have to give them the first 2% of deductions and then a percent of the road expense too so I never bothered with it while I was on the road. Im retired now so don't have it anyway.
     
    70s_driver, Jun 25, 2014
    70s_driver, Jun 25, 2014
    #34
  7. Jul 2, 2014 #35
    Zephex

    Zephex Light Load Member

    161
    112
    Jul 8, 2013
    Blue Ridge GA
    0
    Thanks for all the replies... I kind of understand now and there are pros and cons to each

    Per diem
    More money per week
    Less Gross yearly income
    Could (potentially) affect loan requests since perdiem doesn't show up so you appear to make less per year
    SSI will be lower for the same reason when you need it


    So really, no offense to anyone here, but if you are older, its probably best to go with the perdiem. If you are younger, you should not take the perdiem to prepare yourself better for the future (if you can afford it of course). Im 34 with a wife and 2 kids. I think I will leave it alone because I can still make ends meet without the perdiem credits on my weekly check.

    I appreciate all the advice and help!
     
    Zephex, Jul 2, 2014
    Zephex, Jul 2, 2014
    #35
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 4 of 4