Due at Signing. The term, due at signing or cash due at signing, refers to the total amount of cash that is due at the time a car lease contract is signed. âlease acquisitionâ fee is also sometimes included. The acquisition fee is always included in a car lease but is not always paid in cash at the time of lease signing. Cash due at signing, in car leasing, is often confused with a down payment.
If you qualify as a transportation industry worker, you can use the DOT per diem rate of $63 ($68 outside the continental United States) from January 1, 2016 through December 31, 2016. The rates were updated to $63 ($68 outside the continental United States) starting October 1, 2015..
because you are department of transportation dot employee we multiply this number by 80 % if you were not a dot employee it would be reduced by 50 % instead of 20 % so you got that going for you therefore your per diem deduction is $ 2800 80 % of $ 3500 which at a tax rate of 15 % equals $ 420 in your pocket