Taxes And New Trucker

Topic 29814 | Page 1

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Rob W.'s Comment
member avatar

Hi this is my first time filling taxes as a trucker. I'm a company driver using per Diem. Can any one give some advice who to use or what forms to use any info would be great thanks.

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

Old School's Comment
member avatar

Whether you are getting per diem or not will not affect how you file your tax return. Company drivers cannot deduct per diem. Your standard deduction is likely to be your only deduction. Any online tax filing service like Turbotax can help you.

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

Errol V.'s Comment
member avatar

Rob asks:

I'm a company driver using per Diem. Can any one give some advice who to use or what forms to use any info would be great thanks.

On your own, as Old School states, you don't have a per diem deduction. Your company will offer you a per diem plan where they will deduct a certain amount from your gross pay (before taxes) and pay you a per diem amount which is less than the deduction, but has the benefit of being tax free.

Currently someone had dredged up a 7 year old topic, Per Diem Pay For Truck Drivers. The question is, where do you "make money" in this deal?

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

Rob D.'s Comment
member avatar

Prime pays per diem on a per mile basis.

My mileage pay is 41 cents per mile.

My per diem is 8 cents per mile, which is excluded from my gross income amount.

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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