Per diem taxes for the year

Discussion in 'Trucker Taxes and Truck Financing' started by Nicknice, Mar 7, 2023.

  1. Nicknice

    Nicknice Light Load Member

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    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?
     
    Trucker61016 Thanks this.
  2. lost_sole

    lost_sole Bobtail Member

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    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.
     
  3. Lazer

    Lazer Road Train Member

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    Are those per diem, or M&I( meals and incidental expenses)?
     
  4. Long FLD

    Long FLD Road Train Member

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    Your last statement isn’t true for W2 employees. Just wanted to add that so someone doesn’t read it and get confused.
     
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  5. lost_sole

    lost_sole Bobtail Member

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  6. lost_sole

    lost_sole Bobtail Member

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    Explain. Please reference IRS or other supporting documentation.
     
  7. Long FLD

    Long FLD Road Train Member

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    lost_sole Thanks this.