Just out of curiosity for anyone here or someone they know of. What was the highest amount seen written off for the year on the per diem line?
Best to consult an accountant, but one number I have worked through persanally is $21,000. Food, tools, clothes, entertainment. You get a big chunk for OTR when away from home.
Your last statement isn’t true for W2 employees. Just wanted to add that so someone doesn’t read it and get confused.
Per-Diem Rate for Truckers - OOIDA Before we confuse ourselves and others with bad information and FUD. What tax code are you referencing?
Here’s who qualifies for the employee business expense deduction | Internal Revenue Service With very few exceptions, anyone paid on a W2 can no longer itemize ever since Trump changed the tax code and doubled the standard deduction.