Per Diem lost..Companies need to pay up

Discussion in 'Experienced Truckers' Advice' started by smokey12, Feb 6, 2018.

  1. smokey12

    smokey12 Road Train Member

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    Not sure I use taxpayer, it's under out of town expenses
     
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  3. smokey12

    smokey12 Road Train Member

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  4. Taipan

    Taipan Light Load Member

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    This is true and if your company driver not married all you will be able to deduct is 12000
     
  5. STexan

    STexan Road Train Member

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    $63/day is correct but you can only take 80% of that as a truck driver, 50% non truck driver. Not sure how taxslayer does things, but HR block software handles it correctly
     
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  6. RoadRooster

    RoadRooster Road Train Member

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    Form 2106
     
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  7. Justrucking2

    Justrucking2 Road Train Member

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    I talked to my accountant on this a few WEEKS ago, she said the same thing regarding these deductions, as our industry falls under a completely different section of IRS code/rules. And I know everyone has been reporting that company driver deductions are going away, but like STexan said, there is a carve out. My accountant also stated that if this per diem loss were true, others would lose this deduction too, like oil field workers and such that travel and work for a living, blue collar work. She said no changes there either. These cuts only applied to the white collar guys in certain categories. I'll give her a call again and see if this has changed. Her firm handles more than a few trucking companies, medium sized outfits with hundreds of drivers. I would expect her to know the truth.
     
    Last edited: Feb 6, 2018
  8. Justrucking2

    Justrucking2 Road Train Member

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    Ok, I shot off an email to my accountant...

    This is the firm she works for, https://willispc.com

    They have been around for many years and handle trucking companies along with multiple other businesses. They have accounts nationwide. Not a fly by night outfit or some gal that pops up in the truck stop once a year to do taxes. I would expect them to know the truth regarding per diem.

    Let's clear this up, because I want to know too.
     
  9. double yellow

    double yellow Road Train Member

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  10. ‘Olhand

    ‘Olhand Cantankerous Crusty

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    No matter how I look at it this is a tax cut in wolfs clothing for many of us
    Right now I get 6k standard deduction plus 15k+ in perdiem(@300 days)
    Which is 21k in deductions
    So even paying 3% less in tax.....
    21k is still way more than 12k
     
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  11. FLCRACKER

    FLCRACKER Medium Load Member

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    Don't forget standard deduction doubles next year.
     
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