Profile For Izzy

Izzy's Info

  • Location:
    DFW, TX

  • Driving Status:
    Considering A Career

  • Social Link:

  • Joined Us:
    3 years, 8 months ago

Izzy's Bio

I am not quite done with raising the children in my family. I have 4 more years max. (Only 3 yr for schooling 1 yr for a break before college/military.) What started out as a joke that I should become a truck driver has now become and actual very real interest in wanting to truck drive. Im using my time I have to understand the pros and cons of trucking (realistically).

Comments By Izzy

Page 1 of 1

Posted:  3 years, 8 months ago

View Topic:

Per Diem pay for truck drivers

That is the right attitude. The American fascination with a huge tax return is extremely poor financial planning. But it's not only about the big lump versus getting it now. You may be getting less OVERALL. Would you rather have $5,500 extra over 12 months paid each paycheck? Or $7000 extra over those same 12 months but paid in a lump sum at the end? $7,000 is always better than $5,500.

You also can counteract the "lump sum" approach by adjusting your withholding. Again... talk to a professional, it's worth the time. And not just you Daniel, but everyone.

Is there anyone that can show us a real example of the two choices?

Is there someone who can and is willing to show they earned the same amount (as close as possible but no more than a $10,000 annual income difference) for any of 2 years (doesn't have to be consecutive years) with one year showing what they got for per diem through every pay check and their tax return for that year with the other year showing you getting your per diem at the end of the tax year and what that tax return was?

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