Per Diem pay plans, Good or Bad idea??
#11
12-26-2006, 12:00 PM
The following link is to the IRS WEB site and will discuss these matters. It is a starting point and you will, as with any government site, have to reference other pages.
http://www.irs.gov/publications/p463/ch01.html
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#12
12-26-2006, 02:54 PM
I'm actually use it. I'm a great fan of getting tax free money. I'm also a great
fan of not letting someone else hold my money to years end, I tend to think it's safer with me. Bottom line is most companies tax you on a portion of your per miles money. The part you aren't taxed on is your per-diem. In my case it's .08 per mile that isn't taxed. So, I pay taxes on .30. |
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