IF YOU DRIVE TRUCKS, HERE ARE TAX DEDUCTIONS YOU CAN CLAIM

Small Business Tax Preparation, Tax Debt Relief, Tax Consultants

 

Truck driver tax deductions may include any expenses that are ordinary and necessary to the business of being a truck driver.

 

ADVANCE TAX RELIEF

www.advancetaxrelief.com

Ph: 713-300-3965

 

Taxes and deductions that may be considered “ordinary and necessary” depends upon:

 

You

Your occupation

What the job is and what the expenses are for

The IRS considers a semi-truck to be a qualified non-personal-use vehicle. As a truck driver, you must claim your actual expenses for vehicles of this type. So, you can’t use the standard mileage method.

 

TO DEDUCT ACTUAL TRUCK EXPENSES, YOU CAN INCLUDE (BUT NOT LIMITED):

 

Fuel

Oil

Repairs

Tires

Washing

Insurance

Any other legitimate business expense

 

OTHER UNREIMBURSED EXPENSES YOU CAN DEDUCT:

 

Logbooks

Lumper fees

Cell phone that’s 100% for business use

License and fees for truck and trailer

Interest paid on loan for truck and trailer

Depreciate your truck and trailer:

 

Over three years for a semi-truck for regular tax — or over four years for the Alternative Minimum Tax (AMT)

Over five years for a trailer for regular tax — or over six years for AMT

If you’re an employee, you can also deduct the expenses of traveling away from home. You’re traveling away from home only if both of these are true:

 

You’re required to be away from your tax home for substantially longer than a day’s work.

You need to sleep or rest to meet the demands of your work while away from home.

As a trucker, you’re not considered to be traveling away from home if both of these are true:

 

You leave your terminal and return home on the same day.

You have an hour off for lunch in between.

 

NEED HELP WITH IRS BACK TAXES, FORM 941’S BACK TAX ISSUES, AUDIT REPRESENTATION, OR SMALL BUSINESS TAX PREPARATION?

 

ADVANCE TAX RELIEF LLC

www.advancetaxrelief.com

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CALL (713)300-3965

 

GET TAX RELIEF HELP TODAY

 

If you think that you may need help filing your 2018/2019 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

 

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

 

Advance Tax Relief is rated as one of the best tax relief companies nationwide.

 

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