Per Diem Plus Blog
Articles and announcements for drivers from our tax expertsTruck Driver Tax Deductions
Taxpayers have the right to pay only the amount of tax legally due. The following is an example of items a trucker may claim to maximize deductions and minimize their income tax bill. Other Taxes: State Income or Sales Taxes, Real & Personal Property Taxes Real...
read moreTrucker Per Diem Rules Simply Explained
Our tax experts jotted down some common Trucker Per Diem questions that our drivers have asked us. Read below or download our Trucker Per Diem Rules Simplified with our "Will Per Diem Benefit Me?" worksheet. What is per diem? A per day travel expense allowance....
read moreHow do fleet per diem fees affect driver’s compensation?
To enroll or not to enroll in a company-paid per diem program that includes a fleet per diem administration fee, that is the question. Background: ABC is a truckload carrier that offers voluntary company-paid per diem. Drivers who enroll are paid $.045 CPM of which...
read moreYear-end Tax Saving Tips
First, and foremost, you want to make sure you have all expense receipts and documentation needed for any expenses you will be deducting on your tax return for 2016, especially major expense items like per diem and fuel. For your per diem expenses, be sure you have...
read moreWho will own ELD data?
A Catch 22 For Drivers Drivers currently retain ownership of their paper logbooks to comply with the IRS income tax regulations. Now that the U.S. Court of Appeals for the Seventh Circuit has upheld the ELD mandate and ruled that the FMCSA has satisfied the objections...
read moreOur Tax Experts answer “What is per diem?”
An employee truck driver new to the transportation industry asked the following question to the Per Diem Plus tax experts: What is per diem? Per diem simply means a “per day” travel expense allowance. Although taxpayers have the option of keeping actual records of...
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