is it better to take the per diem pay package or the regular pay package?
I dont exactly understand how there per diem works. per diem is .27 a mile and non per diem is .32 a mile. is the .05 difference the per diem?
thanks inadvance
per diem??
Discussion in 'Millis' started by dirt, Feb 7, 2009.
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Don't take the per diem package . If you don't take it you can claim per diem the end of the year . It's 80% of $50 ($40) for eligible days in U.S. . Days in Canada are a higher rate . If you don't have a mortgage the per diem amount will be higher than the standard deduction and allow you to itemize and claim other deductions also .
Alabamaspirit and dirt Thank this. -
I'm still trying to figure that one out myself. If YOU figure it out let ME know!
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If you take per diem .10 of the .27 is not taxed and will show on your w2 at the end of the year as a bonus and lower your gross pay for the year. This in turn make it look like you will make less money than you actually do which can make it harder to get a loan in the future if you need to.
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So I assume your saying not to take the per diem? -
yes as was stated earlier you are better off taking straight pay and taking the per diem at the end of the year on your own
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OK got it! Then I won't let them lure me in with their weeks vacation after 6 months 2 weeks after one year deal... That almost had me too lol
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ok,i get it now.in construction per diem is added after your gross pay.
the way is was just explained would also hurt your social security (if there is any left anyway) when it comes time to retire.
so why is millis (pushing) the per diem package with extra vacation?what do they get out of it? -
as roadmedic pointed out it is cheaper for them in as they contribute less taxes on the money you make
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