New tax break for truckers uncovered in restaurant stimulus
Jun 3, 2021 Dine-in and takeout meals purchased at restaurants while on the road qualify for per diem deductions at a higher rate.Getty Images A federal stimulus measure designed to help restaurants can also help owner-operators by increasing their per diem deduction, said business services provider ATBS. The savings comes from being able to deduct 100% of the cost of restaurant meals while on the road instead of the traditional 80%. It will be in effect for all of tax years 2021 and 2022. “For example, if you were away from home 300 days in 2021 and purchased all of your meals from...