My Poly Trucking experience

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by majestyk, Jun 15, 2016.

  1. radioshark

    radioshark Road Train Member

    3,295
    8,482
    Nov 19, 2012
    0
    There interpretation of the new tax law.
    language makes some changes to per diem rates – just not for truckers. Current law has a specific section for people who operate under hours of service. It states:

    274(n)(3) Special rule for individuals subject to Federal hours of service
    In the case of any expenses for food or beverages consumed while away from home (within the meaning of section 162(a)(2)) by an individual during, or incident to, the period of duty subject to the hours of service limitations of the Department of Transportation, paragraph (1) shall be applied by substituting “80 percent” for “50 percent”.
    HR1 has makes some changes to Section 274. However, it does not make any changes to Section 274(n)(3). In fact, it remains silent on that section, essentially leaving the provision in place. That means truckers will retain the ability to claim 80 percent per diem for nights away from home – of course this is barring any last minute amendments in the House ahead of the final vote.

    “It’s our interpretation that Congress did not repeal or amend the existing 80 percent per diem for truck drivers,” said Mike Matousek, OOIDA director of government affairs. “While it’s impossible to fully understand the impact this bill will have on an individual’s overall tax liability, we believe the per diem survived the legislative process.”

    The transportation workers’ special standard per diem rate remained unchanged for 2018 at $63. Outside continental U.S is $68 per day, also unchanged. Truckers are allowed to declare 80 percent of that amount as a deduction at tax time.
     
    area28 Thanks this.
  2. ArmyGuy

    ArmyGuy Medium Load Member

    692
    469
    Jun 21, 2011
    Hudson, Florida
    0
    I don't itemize anyways so makes no difference to me. I read where the companies can still pay you using per diem so basically nothing has changed for myself.
     
  3. majestyk

    majestyk Road Train Member

    1,617
    856
    Jun 28, 2009
    las vegas, nv
    0
    Well an opening for my previous gig doing the salt lake city Costco runs became available and they asked if I wanted to do it. Pretty hard to turn that down so I have been busy doing those loads since New year's. I really didn't think that position would become available again for a long time. Really happy to be doing it again as I am home at least for a little bit every day and the #### elogs are of limited annoyance since I will be resetting every week. Hopefully will be able to get 3 loads every other week but I always got at least two loads and hourly pay on top for working local stuff the last time. A little pay cut but the perks are worth it.
     
    jdrentzjr and tucker Thank this.
  4. majestyk

    majestyk Road Train Member

    1,617
    856
    Jun 28, 2009
    las vegas, nv
    0
    Everything going ok back at the "local" gig. Had three loads every week thus far with the exception of two last week. Still the only driver here officially doing it as the other driver is still on medical leave. Has been a couple of hiccups as the out west facility is running behind on product so some loads have been late or cancelled but I managed to pick up alternative loads to keep me rolling. For the regular folks I would stay away from running out to Henderson for a while until they get caught up as you might get stuck more than you would want. The weather has been fantastic for winter out here.
     
    tucker Thanks this.
  5. ArmyGuy

    ArmyGuy Medium Load Member

    692
    469
    Jun 21, 2011
    Hudson, Florida
    0
    Grand prairie has been having their own issues as well. I think they have everything back up to par but not sure.
     
  • Draft saved Draft deleted