Prime (likely) also has a "per diem option" - most companies DO, as this saves THEM on what they have to lay out in "matching funds" for withholding taxes.
EITHER WAY - you will STILL have to do a long-form 1040 with itemized deductions, in order to claim the per diem deduction. If you DON'T - you may end up OWING $$'s in taxes - as your "untaxed income", may exceed the amount of the "standard deduction" used when you don't itemize. It also means you must DOCUMENT DAYS OTR , in order to claim the correct amount.
Prime will also let you have a full size tractor - but you may have to wait for it, and you won't get the "lightweight bonus" ( 5 cpm).
So, all things being equal there - it comes down to TRAINING COST and VACATION TIME.
For Millis - it appears that you have to come up with $500 UP FRONT, and "finance" the balance. I believe you only need $100 for Prime - and and similarly offset the balance over the course of the first years employment.
Rick
OTR driving normally means you'll be hauling freight to various customers throughout your company's hauling region. It often entails being gone from home for two to three weeks at a time.
Drivers are often paid by the mile and it's given in cents per mile, or cpm.
Getting paid per diem means getting a portion of your salary paid to you without taxes taken out. It's technically classified as a meal and expense reimbursement.
Truck drivers and others who travel for a living get large tax deductions for meal expenses. The Government set up per diem pay as a way to reimburse some of the taxes you pay with each paycheck instead of making you wait until tax filing season.
Getting per diem pay means a driver will get a larger paycheck each week but a smaller tax return at tax time.
We have a ton of information on our wiki page on per diem pay
Operating While Intoxicated
Prime (likely) also has a "per diem option" - most companies DO, as this saves THEM on what they have to lay out in "matching funds" for withholding taxes.
EITHER WAY - you will STILL have to do a long-form 1040 with itemized deductions, in order to claim the per diem deduction. If you DON'T - you may end up OWING $$'s in taxes - as your "untaxed income", may exceed the amount of the "standard deduction" used when you don't itemize. It also means you must DOCUMENT DAYS OTR , in order to claim the correct amount.
Prime will also let you have a full size tractor - but you may have to wait for it, and you won't get the "lightweight bonus" ( 5 cpm).
So, all things being equal there - it comes down to TRAINING COST and VACATION TIME.
For Millis - it appears that you have to come up with $500 UP FRONT, and "finance" the balance. I believe you only need $100 for Prime - and and similarly offset the balance over the course of the first years employment.
Rick
Thanks for the reply, Rick!
Just curious, have you worked for either? Home time "seems" to be more likely with Millis... do you have any knowledge about that?
Also, I failed to mention in my OP... I think with Millis you are dispatched as solo during the OTR training... vs with Prime where, I think, you are dispatched as "team," as quickly as possible.
A lot to consider...
OTR driving normally means you'll be hauling freight to various customers throughout your company's hauling region. It often entails being gone from home for two to three weeks at a time.
Drivers are often paid by the mile and it's given in cents per mile, or cpm.
Getting paid per diem means getting a portion of your salary paid to you without taxes taken out. It's technically classified as a meal and expense reimbursement.
Truck drivers and others who travel for a living get large tax deductions for meal expenses. The Government set up per diem pay as a way to reimburse some of the taxes you pay with each paycheck instead of making you wait until tax filing season.
Getting per diem pay means a driver will get a larger paycheck each week but a smaller tax return at tax time.
We have a ton of information on our wiki page on per diem pay
Operating While Intoxicated
Prime (likely) also has a "per diem option" - most companies DO, as this saves THEM on what they have to lay out in "matching funds" for withholding taxes.
EITHER WAY - you will STILL have to do a long-form 1040 with itemized deductions, in order to claim the per diem deduction. If you DON'T - you may end up OWING $$'s in taxes - as your "untaxed income", may exceed the amount of the "standard deduction" used when you don't itemize. It also means you must DOCUMENT DAYS OTR , in order to claim the correct amount.
Prime will also let you have a full size tractor - but you may have to wait for it, and you won't get the "lightweight bonus" ( 5 cpm).
So, all things being equal there - it comes down to TRAINING COST and VACATION TIME.
For Millis - it appears that you have to come up with $500 UP FRONT, and "finance" the balance. I believe you only need $100 for Prime - and and similarly offset the balance over the course of the first years employment.
Rick
Thanks for the reply, Rick!
Just curious, have you worked for either? Home time "seems" to be more likely with Millis... do you have any knowledge about that?
Also, I failed to mention in my OP... I think with Millis you are dispatched as solo during the OTR training... vs with Prime where, I think, you are dispatched as "team," as quickly as possible.
A lot to consider...
Haven't worked for either.
Hometime, is hometime - depending on where the freight is running. Don't know about Millis, but it seems like guys here on TT, get home pretty close to when they want to.
Hometime is still 1 day home, for each week out.
Personally - from a training standpoint - while the long time doing "team style" training with Prime may seem lengthy (compared to going out solo quickly with Millis), if you are a new entrant into the industry - opinions here would run towards spending some time out with another experienced driver, rather than jumping right into running solo.
Rick
OTR driving normally means you'll be hauling freight to various customers throughout your company's hauling region. It often entails being gone from home for two to three weeks at a time.
Drivers are often paid by the mile and it's given in cents per mile, or cpm.
Getting paid per diem means getting a portion of your salary paid to you without taxes taken out. It's technically classified as a meal and expense reimbursement.
Truck drivers and others who travel for a living get large tax deductions for meal expenses. The Government set up per diem pay as a way to reimburse some of the taxes you pay with each paycheck instead of making you wait until tax filing season.
Getting per diem pay means a driver will get a larger paycheck each week but a smaller tax return at tax time.
We have a ton of information on our wiki page on per diem pay
Operating While Intoxicated
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I have offers from both Millis and Prime. There are things I like about both... but, I'm leaning more towards Millis. I towards Millis because they "seem" to "try/want" to get you home a bit more often than Prime. Millis also provides more vacation time, sooner... has a per-diem pay plan option (i.e. tax advantaged without the hassle of doing it yourself)... and I believe I will be issued a full-sized truck rather than the smaller truck that is likely with Prime.
Any/all thoughts, opinions, comments, etc. will be greatly appreciated.