Then you can't deduct your per diem at the end of the year, correct?
To me this is sounding like they are using your money to pay you? Maybe I'm misunderstanding it?
got a call from maverick
Discussion in 'Maverick' started by bowtie, Apr 10, 2010.
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Way too confusing, LOL
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The company im with charges two cents per mile for the per diem, and they make us take it. Don"t take the per diem.
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It is not a scam at Maverick. I took it.
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It may benefit the company more, but it sounds like it would really benefit drivers, too. I need to research it more, but anytime you can lower your "taxable income" and reduce the amount of money that is subject to withholding, it's a good thing.
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When you take the per diem as an itemized deduction, you may benefit more with other deductible items that you may not normally exceed the standard deduction with.
In addition, the per diem taken as a driver maximizes any other out of pocket charges incurred by the driver such as showers and truck supplies.
I am not saying it is good all of the time.
But the company gets a reduced amount to pay into the FICA, Medicare taxes through this plan. -
Good point on the disability earnings aspect of this. And yes, the company is saving the 7.65% they'd pay for FICA & Medicare (which doesn't bother me).
It sounds then like it's not a "one size fits all" type issue. For some guys, it is a benefit, while others should take the deduction on their taxes. It's nice that Maverick gives drivers a choice in the matter, rather than forcing the issue like some companies do.
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