Per diem change: Big money for some truckers

<p><strong>LLN (4/26/21) –</strong> The per diem deduction has been in the news a lot the past few years, and often not in a good way. Now, a temporary change may make it that much more valuable – but only in certain cases. Also, a new piece of legislation would greatly increase your minimum insurance requirements, which would greatly affect your bottom line. We’ll explain the snowball effects the change would have on small-business truckers. And in addition to the president’s infrastructure bill, a highway bill will need to be passed this year – and it could substantially change things in trucking, for better or for worse. We’ll tell you what issues are part of the bill.</p> <p>0:00 – Newscast.</p> <p>10:15 – Per diem update.</p> <p>25:08 – Real-world effects on minimum insurance plan.</p> <p>39:59 – The good, the bad and the ugly of the next highway bill.</p>