Per Diem

Topic 25384 | Page 1

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Scott D.'s Comment
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Company i start orientation for on money has 2 pay scales i can choose from. .39 a mile or .27 a mile and .12 per diam.

thought i read somewhere that per diam can no longer be claimed on taxes?

anyone have some thoughts on this?

OOS:

When a violation by either a driver or company is confirmed, an out-of-service order removes either the driver or the vehicle from the roadway until the violation is corrected.

Jeremy's Comment
member avatar

Per diem can not be claimed on taxes you can basically consider that .12 paid in cash so really its whats important to you higher annual salary and slightly higher social security if there is a such thing when it comes time to use it or money in your pocket every week My company pays per diem at the i think 59$ a day mark and i commonly bring home 1400-1500 because of it im happy with that because my yearly salary is still high

Per Diem:

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

Big Scott (CFI Driver/Tra's Comment
member avatar

It's still 39 CPM. The 12 CPM is the per diem. It's paid to you pre tax. Per Diem lowers your taxable income and puts more money in your pocket each week.

CPM:

Cents Per Mile

Drivers are often paid by the mile and it's given in cents per mile, or cpm.

Per Diem:

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

Rick S.'s Comment
member avatar

With the new tax code - Per Diem is NO LONGER CONSIDERED TAXABLE INCOME.

Under the old code - you had to claim it, then deduct it out in itemization.

New it IS actually "free money " ( or at least TAX FREE MONEY).

It WILL reduce your W-2 Taxable income, and also your SS/Med deductions. Lower W-2 income, will reduce your gross (important for loans, credit, etc.).

So, for a W-2 Employee Company Driver, Per Diem would no longer be claimed/deducted. For a Lease/OO you CAN (and WOULD) want to deduct, along with other expenses that are no longer deductible for "employees".

Rick

Per Diem:

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

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