Company Driver Per Diem- Is it a good deal?

not sure what the 14.95 is for ... can't deduct road expenses for company drivers so irs can screw plans up at will ..l have a couple of trucks what I am doing this year is structuring 58.00 reimbursement per 10 hour break spent away from home. . so if the driver has earned 1500 that week but spent 3 nights out pay taxes on 1326 and 174 would be reimbursed for travel expenses. .. it's kinda skirting the law but my tax lady said it works. ... saves me the 6% on the 174 also

 

I guess I spoil my drivers lol .... does your boss ask you where you want to run this week lol ... plan your week around your kids baseball scedule .... if I get a decent driver I do my best to keep them happy

 

weekly cost or charge.for per diem?

 

How would it work out come tax time?. Since the irs got rid of per diem.

 

What are you talking about? Nothing anywhere says employers can no longer provide a qualified payroll "Per Diem Plan". I'm done trying to explain these matters if people aren't going to pay attention and continue to misunderstand the issue(s)

It's not that hard but it's like trying to get a fence post to understand the laws of physics.

 

that's right the irs didn't take away the per diem . just took away the itemized deduction from everything .... so individual drivers can no longer take this on the tax return. ... but still legal to get the reimbursement from your company for travel expenses. .. we are using 58.00 per day out. there's probably not going to be a standard government rate anymore

 

No. Tell them pound sand. Almost 800 a year to save you roughly $ 100 in tax. Hell of a profit they are turning, as well as shorting your ss payments.

Bottom feeder inc in full effect.

 

Run over it with your truck,then it'll understand.

 

the weekly charge is bs .... the company saves 6% on the social security tax ...saves most guys around 2000 per year (drivers ) at least the guys making money ...not sure where the 100.00 comes from