The #1 Way Trucking Companies Cut Costs and Keep More Money
Many trucking companies overpay in taxes and workers’ comp costs without realizing it. Per diem is a special tax benefit that reduces payroll taxes and puts more money in drivers’ pockets—without costing your company extra.
NEW for 2024: As of October 1, the IRS raised per diem to $80 per day for truck drivers. That means even bigger savings for your business!
Watch the video to learn how per diem works and how much you could be saving.
Stop Leaving Money on the Table.
Per Diem saves $2,500 Per Truck.
More savings, more retention, less tax liability.
If you’re not using per diem, you’re overpaying in taxes and workers’ comp premiums.
- Truck drivers take home more pay with per diem.
- Trucking companies save $2,500 per truck per year by lowering payroll taxes and reducing workers' comp costs.
Use the Per Diem Savings Calculator to see how much you’re missing out on.
How One Trucking Company Saved Big with Per Diem
Big Wheels Transport didn’t realize they were leaving money on the table by not using a Per Diem program. They paid drivers full wages, leading to higher taxes and workers’ comp costs.
After switching to Per Diem with Superior Trucking Payroll Service:
- Taxable wages dropped by $500,000, saving $38,250 in payroll taxes
- Workers' comp costs fell by 15%, saving another $25,000
- Total yearly savings: $63,250
That’s money they reinvested in their business and drivers.
Want to see how much you could save?
Simplifying Per Diem with Superior Trucking Payroll Service
At Superior Trucking Payroll Service, we offer flexible, IRS-compliant Per Diem solutions that reduce taxes, cut costs, and boost driver pay.
3 Ways to Structure Per Diem:
- Fixed Daily Rate – A set amount paid per day away from home.
- Rate Per Mile – Per diem based on miles driven.
- Percentage of Pay – A percentage of total earnings.
Each method offers flexibility, but IRS compliance is key to avoiding tax issues for both your company and drivers.
Let us help you structure a legally sound and profitable Per Diem program.
Additional Resources:
Benefits of Per Diem in Trucking Payroll
