truckers doing their taxes may be confused by an IRS publication
that refers to the per-diem expense allowance.
OOIDA member recently wrote in about an IRS publication that
said the per diem increased as of Oct. 1, 2002, to $40. But,
according to Howard Abrams of PBS Tax and Bookkeeping Service,
the change that took place Oct. 1 should not apply to the
taxes you are doing now.
changed the per-diem rate on Oct. 1, but we believe it’s
for use the following year,” Abrams said. “It’s also standard
practice not to change it during the year unless by special
recommends truckers use the $38 figure for the entire tax
year, applying the $40 during the next tax year.