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Started By
Message
Question about Per Diem?
Posted on 7/19/13 at 10:24 am
Posted on 7/19/13 at 10:24 am
Is there a limit on the amount of per diem you can get without paying taxes on it?
TIA
TIA
4
Posted on 7/19/13 at 10:42 am to corndogluvr
I'd like to know this as well.
Posted on 7/19/13 at 10:45 am to TDsngumbo
Well, I get $133 a day. $931 a week. Am I liable for any taxes on it?
This post was edited on 7/19/13 at 10:47 am
Posted on 7/19/13 at 10:57 am to corndogluvr
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.
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 7/19/13 at 10:58 am
Posted on 7/19/13 at 10:58 am to corndogluvr
If it exceeds the federal per diem amount, then yes it is taxable income to the employee.
Posted on 7/19/13 at 12:00 pm to lynxcat
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 7/19/13 at 12:14 pm
Posted on 7/19/13 at 12:09 pm to lynxcat
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 7/19/13 at 12:21 pm
Posted on 7/19/13 at 12:37 pm to corndogluvr
quote:
Question about Per Diem?
who do I give it to?
Posted on 7/19/13 at 12:46 pm to Putty
I give a lot of it to bar rooms and whores. Does that make me a bad person?
Posted on 7/19/13 at 12:50 pm to PurpleAndGold86
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.
Posted on 7/19/13 at 12:54 pm to lynxcat
Any ideas what that limit is. I will be over 48,000 by years end.
Posted on 7/19/13 at 1:04 pm to lynxcat
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.
Posted on 7/19/13 at 1:06 pm to PerceivedReality
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.
Posted on 7/19/13 at 1:07 pm to corndogluvr
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.
Posted on 7/19/13 at 1:37 pm to TigerintheNO
quote:
I was recently reading an article about pro players & their per diem
Link?
Posted on 7/19/13 at 1:43 pm to corndogluvr
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."
Posted on 7/19/13 at 1:44 pm to Fat Bastard
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.
Posted on 7/19/13 at 1:58 pm to PerceivedReality
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?
Posted on 7/19/13 at 2:30 pm to Brian Wilson
Posted on 7/19/13 at 2:36 pm to corndogluvr
quote:Have you raised these issues with someone in your employer's HR department?
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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