You can still deduct those unreimbursed employee expenses, BUT:
You must be a w2 employee
You must itemize when you file
You must have receipts
You must first accept reimbursement from your employer if they offer it.
The per diem deduction also required that you itemize, but it allowed you to take a flat rate deduction per day without receipts. Now you need receipts.
company drivers no more per diem 2018
Discussion in 'Trucker Taxes and Truck Financing' started by orangepicker, Feb 15, 2018.
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They've effectively ended it in practice as we knew it because any company driver spending anywhere near the previous flat daily deduction of $62 per day is doing something wrong
QuietStorm and xlsdraw Thank this. -
Can you tell me what form these are to be reported on? -
First you're a fool for not taking 100% of a deduction the IRS allows.
Second. To believe that then you have to disregard the fact those employees also lost the ability to deduct specialized work relating clothing and tools, hotel expense while working away from home, etcLast edited: Apr 11, 2018
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Never said not to deduct whatever you can.
My standard per diem deduction of $62 per day for every day away from home, as a company driver (no receipts required) was a $14,000 deduction in 2016, the last full year I was over the road. Are you trying to tell me that some work clothes, windex, paper towels and other miscellaneous expenses are going to add up to $14,000 per year? I am never going to come close to spending that kind of change in 1 year.
I also never said not to deduct whatever you can, even if it only adds up to a $1,000 deduction. At that there is still $13,000 that in my personal case is gone.
Work on your reading comprehension before you try to flame me. -
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mmmmm... No. He was pretty clear. I think you just read it wrong.JOHNQPUBLIC Thanks this. -
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I'll see if I can find it...
JOHNQPUBLIC Thanks this. -
That may be, however, without statistics to back up what your claiming, I could easily suggest the same...
"I would say there are a lot of long time OTR drivers that always claimed the per diem and just filed for free online. Look around at them..."
The fact remains, that Per Diem as a removed option for truck drivers making less than $100,000 in 2018, they will not have the option to apply the deduction. Ask any truck driver doing taxes and per diem is the difference between owing the IRS and not owing the IRS.
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