2018 TAX CHANGES FOR DRIVERS

Discussion in 'Other News' started by Road Warrier, Aug 10, 2018.

  1. Aug 10, 2018 #1
    Road Warrier

    Road Warrier New Member

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    Aug 10, 2018
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    Just spoke to my accountant and then the new 2018 tax changes the per diem has been eliminated. Anyone filing jointly will get a deduction of $25,000. Sounds like we will be paying more in taxes. So buckle up guys save your money taking away the per diem really screws truck drivers and any other occupation that has to be on the road everyone loses per diem.
     
    Road Warrier, Aug 10, 2018
    Road Warrier, Aug 10, 2018
    #1
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  3. Aug 10, 2018 #2
    STexan

    STexan Road Train Member

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    This post is short on a lot of pertinent information and the term “per diem” seems to be misapplied. What is lost is the ability for EMPLOYEE DRIVERS to itemize non-reimbursed job/travel related expenses that were filed on Form 2106. If your employer offers a Per Diem payroll plan, then the driver can participate in this to offset some of the lost deductions but these plans have negative impacts elsewhere and later.

    Given the higher standard deduction, only the hardcore employee OTR drivers will be hurt financially with higher tax bill. (Drivers who stay out more than about 300 days a year and can’t participate in a per diem plan)
     
    Last edited: Aug 10, 2018
    STexan, Aug 10, 2018
    STexan, Aug 10, 2018
    #2
  4. Aug 10, 2018 #3
    Road Warrier

    Road Warrier New Member

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    Aug 10, 2018
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    That's not true my husband stays out 320 days a year and we clain the per day per diem on our taxes per many years and he is a company driver it is going to hurt everyone all drivers whether your company or OTR go talk to your accountant.
     
    Road Warrier, Aug 10, 2018
    Road Warrier, Aug 10, 2018
    #3
  5. Aug 10, 2018 #4
    Cat sdp

    Cat sdp . .

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    But where’s that tax cut from Washington ........
     
    Cat sdp, Aug 10, 2018
    Cat sdp, Aug 10, 2018
    #4
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