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corndogluvr
LSU Fan
folsom
Member since May 2009
46 posts

Question about Per Diem?


Is there a limit on the amount of per diem you can get without paying taxes on it?
TIA







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TDsngumbo
LSU Fan
Member since Oct 2011
4683 posts

re: Question about Per Diem?


I'd like to know this as well.





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corndogluvr
LSU Fan
folsom
Member since May 2009
46 posts

re: Question about Per Diem?


Well, I get $133 a day. $931 a week. Am I liable for any taxes on it?




This post was edited on 7/19 at 10:47 am


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lynxcat
Rutgers Fan
Member since Jan 2008
14152 posts

re: Question about Per Diem?


No tax liability.

Are you traveling to Paris? That is the only place I know with a per diem even close to $133/day.

The most I have ever gotten was around $95/day. Most US cities around around $65/75.



This post was edited on 7/19 at 10:58 am


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PurpleAndGold86
LSU Fan
Houston, TX
Member since Jun 2012
8796 posts

re: Question about Per Diem?


If it exceeds the federal per diem amount, then yes it is taxable income to the employee.





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PerceivedReality
LSU Fan
Black Hills
Member since Apr 2013
555 posts

re: Question about Per Diem?


quote:

Are you traveling to Paris? That is the only place I know with a per diem even close to $133/day

Avg in ND is 155/day. you "must" pay taxes on per diem on anything over a year straight. most people don't work a full year on the same job. if they do, they don't pay taxes on it anyway.
ETA: damn near everybody in ND has housing and meals provided as well per diem.



This post was edited on 7/19 at 12:14 pm


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corndogluvr
LSU Fan
folsom
Member since May 2009
46 posts

re: Question about Per Diem?


No,I'm working in Houston. I have a house in Louisiana, but I staying my travel trailer here. Already over $26,000 for the year.


This post was edited on 7/19 at 12:21 pm


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Putty
LSU Fan
Member since Oct 2003
20864 posts

re: Question about Per Diem?


quote:

Question about Per Diem?


who do I give it to?






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corndogluvr
LSU Fan
folsom
Member since May 2009
46 posts

re: Question about Per Diem?


I give a lot of it to bar rooms and whores. Does that make me a bad person?





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lynxcat
Rutgers Fan
Member since Jan 2008
14152 posts

re: Question about Per Diem?


quote:

If it exceeds the federal per diem amount, then yes it is taxable income to the employee.


My company does it at these rates...this makes sense.






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corndogluvr
LSU Fan
folsom
Member since May 2009
46 posts

re: Question about Per Diem?


Any ideas what that limit is. I will be over 48,000 by years end.





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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15622 posts

re: Question about Per Diem?


quote:

Are you traveling to Paris? That is the only place I know with a per diem even close to $133/day.



incorrect. I got 145 a day in Fourchon a few years back. The top rate on the government website was even higher but I could not convince them to pay that.






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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15622 posts

re: Question about Per Diem?


quote:

you "must" pay taxes on per diem on anything over a year straight.


link?

I collected per diem for years and never paid a dime in taxes on it.






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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
21670 posts

re: Question about Per Diem?


I was recently reading an article about pro players & their per diem. MLB players get $98 per day this year, only money above federal guidelines is taxed.





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Brian Wilson
LSU Fan
Member since Mar 2012
1125 posts

re: Question about Per Diem?


quote:

I was recently reading an article about pro players & their per diem


Link?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76147 posts

re: Question about Per Diem?


quote:

Any ideas what that limit is. I will be over 48,000 by years end.


Per Diem Rates for U.S. Domestic Travel

There are two rates, one for lodging and one for "meals and incidentals."

Enter your locality and it will give you the allowable amounst per day...hence the term "per diem."






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PerceivedReality
LSU Fan
Black Hills
Member since Apr 2013
555 posts

re: Question about Per Diem?


Link... Off of Alaska's Tax Page, but it sums up the 1 yr thing w/ IRS response
quote:

We have discussed this issue with the IRS and the following summarizes the IRS comments on the one-year rule and taxable per diem.
• One year does not necessarily mean 365 consecutive days.
• Interruptions generally do not start the clock over again on the one-year rule unless they are significant (significant was not defined, but IRS rulings indicate seasonal shutdowns are not considered significant).
• The one-year rule requires the employer to look at the total time spent at the "temporary" location. If an assignment to a location is expected to last more than one year, or actually lasts longer than one year, then any per diem paid at this "temporary" location is considered compensation. The one-year rule applies beginning with the date the employer determines the assignment will exceed one year. Also, the IRS looks at “location” broadly and encompasses a general vicinity (generally a 50 mile radius).
• The remoteness of the duty assignment does not change the application of the one-year rule.
• The fact the employee may be incurring duplicate lodging expenses does not change the rule. The IRS has long ruled that duplicate expenses have no bearing on the determination of the tax home.
• With regards to seasonal employees, if the employee is assigned to the same general location two years in a row, or would otherwise meet the one-year rule, per diem paid would be considered compensation.
• The employer essentially has an obligation to determine the employee's tax home.






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corndogluvr
LSU Fan
folsom
Member since May 2009
46 posts

re: Question about Per Diem?


So it's my employer responsibility to report it as income if I'm here more than a year? What if they don't, should I?





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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
21670 posts

re: Question about Per Diem?


quote:

Link?



Here's one of them








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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76147 posts

re: Question about Per Diem?


quote:

So it's my employer responsibility to report it as income if I'm here more than a year? What if they don't, should I?


Have you raised these issues with someone in your employer's HR department?






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