Loss of perdiem next year

Discussion in 'Trucker Taxes and Truck Financing' started by tcwestby, Feb 4, 2018.

  1. STexan

    STexan Road Train Member

    14,962
    29,144
    Oct 3, 2011
    Longview, TX
    0
    They don't want to do that if they think they can get away with converting some portion of your cpm pay to non-taxed per diem which is crap IMO

    It's a no-win situation for the hard core OTR drivers and for many other OTR drivers, this new tax plan will be a wash, at best.

    But the carriers will love it. Especially the ones that can move a lot of drivers to a twisted Per Diem plan.
     
    Last edited: Mar 18, 2018
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. windsmith

    windsmith Road Train Member

    7,296
    6,028
    Sep 2, 2011
    NEPA
    0
    I agree.

    When I worked construction, I was paid per diem. Get that? I was PAID per diem. Extra pay. Non taxed. On top of, and separate from my hourly pay. Nobody should accept anything less.
     
  4. SteveScott

    SteveScott Road Train Member

    4,897
    16,803
    Nov 10, 2015
    0
    I was told the same information by my CPA. I itemized all receipts from prior year and was informed the new tax plan was doing away with that for 2018. That's part of the reason I'm becoming an O/O and no longer a company driver. As an O/O almost everything is deductible as a business expense.
     
  5. Taipan

    Taipan Light Load Member

    126
    105
    Mar 6, 2014
    0
    Seems everyone is coming around to realize per diem is gone.Now what??
     
  6. MysticHZ

    MysticHZ Road Train Member

    5,817
    5,561
    May 28, 2010
    0
    You take company paid per diem ...
     
  7. Surfer Joe

    Surfer Joe Heavy Load Member

    960
    1,086
    Feb 27, 2011
    Cape Ann, Massachusetts
    0
    Don't forget to throw in the conservative press as well.
    If you're a Republicrat, you're part of the problem.
     
  8. Surfer Joe

    Surfer Joe Heavy Load Member

    960
    1,086
    Feb 27, 2011
    Cape Ann, Massachusetts
    0
    I agree; however, I would also add to the above formula equal pay for everyone. We all work hard, we all take risks; no matter what our positions are.
    One flat pay, one flat tax.
    Don't let anyone fool you; that's a true democracy... not the big commie threat that's been shoved down our throats for the past 70 years.
     
  9. STexan

    STexan Road Train Member

    14,962
    29,144
    Oct 3, 2011
    Longview, TX
    0
    You can't be serious. And then you immediately say you want no part of "the big commie threat being shoved down our throats"? You expect/want a "true democracy"? That's the most senseless string of comments I've read here in a long time. Completely contradictory and just plain wrong statements. Where did you get the notion we were supposed to be a "true democracy"? I don't think you want to live in a "true democracy" but you're entitled to your goofy ideas, I suppose.
     
    tucker Thanks this.
  10. wsyrob

    wsyrob Trucker Forum STAFF Staff Member

    5,769
    5,462
    Sep 14, 2007
    Winston Salem
    0
    As I understand it the standard deduction has gone up enough that it won't affect me. I had around $20,000 in itemized deductions for my wife and myself this year including my mortgage interest and per diem. As I understand it the standard deduction will be around $24,0000 for my wife and myself. Sounds like a wash for me.
     
    Dave_in_AZ Thanks this.
  11. tucker

    tucker Road Train Member

    12,647
    40,420
    Jun 13, 2008
    IN
    0
    Everyone else got a tax cut but you.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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