Create a free Overdrive account to continue reading

PIB TIP: USE PER DIEM DEDUCTIONS. Since Oct. 1, 20

PIB TIP: USE PER DIEM DEDUCTIONS. Since Oct. 1, 2009, the federal per diem rate has been $59. If you run through a state with a higher per diem, however, you can use the higher rate for days spent in that state. An over-the-road trucker who’s away from home much of the year saves money by using the per diem instead of gathering meal receipts because few people spend $59 a day on meals. The IRS allows 80 percent of the per diem as a tax deduction, which is $47.20 per day. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

Showcase your workhorse
Add a photo of your rig to our Reader Rigs collection to share it with your peers and the world. Tell us the story behind the truck and your business to help build its story.
Submit Your Rig
Reader Rig Submission