Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

Whats the best for my taxes?

Discussion in 'Trucker Taxes and Truck Financing' started by Flattie C, Jun 13, 2016.

Page 1 of 2
  1. Jun 13, 2016 #1
    Flattie C

    Flattie C Light Load Member

    141
    143
    Mar 26, 2016
    Richmond
    0
    Okay so I don't whats the best option for me when it comes to my taxes. Should I claim 0 or will put 1 and claim myself?

    I live in Oklahoma state but I will do 48 and pretty much not gonna in oklahoma for a while. I'm doing my hometime to dif state all I have is PO Box address.

    I'm single no kids. If I put 0 they will take a lot but also Im getting a lot back coz I will put all the expenses like food etc for travel coz my job? Do I still need to pay the whole 100% state tax knowing I dint spend my entire 365 days n my home state?
     
    Flattie C, Jun 13, 2016
    Flattie C, Jun 13, 2016
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Jun 13, 2016 #2
    Rex012

    Rex012 Light Load Member

    256
    76
    Apr 12, 2014
    0
    Yes you pay taxes to the state in which you reside. The whole 100% if you don't like it you can get with a company that has you on a 1099.other than that have kids but theres no way around it. As for dependants its up to you. You can claim yourself and get your money now or wait til the end of the year to get it back. Your call but i perfer it now so i claim my self and i never get nothing back i also have 0 dependants. Can't wait for my kid to be born lmfao
     
    Rex012, Jun 13, 2016
    Rex012, Jun 13, 2016
    #2
    Flattie C Thanks this.
  4. Jun 13, 2016 #3
    Flattie C

    Flattie C Light Load Member

    141
    143
    Mar 26, 2016
    Richmond
    0
    Coz I thought theres some state that would let you not pay the entire 100% state tax if you can prove u've been out pretty mucn the whole time. Also if I will claim myself do you think I will owe the IRS?
     
    Flattie C, Jun 13, 2016
    Flattie C, Jun 13, 2016
    #3
  5. Jun 13, 2016 #4
    Rex012

    Rex012 Light Load Member

    256
    76
    Apr 12, 2014
    0
    If you claim yourself you will owe money not much but you will when i was 21 o made 46k? And owed a total of 300. Ithink its state to state laws but I've never bothered I just pay. Playing with the IRS is never a good thing. Just pay your taxes or get a p.o box with a state with low taxes and claim it as a residence. You'll probably have to switch your license to that state too. I don't think its worth the hassle
     
    Rex012, Jun 13, 2016
    Rex012, Jun 13, 2016
    #4
  7. Jun 13, 2016 #5
    tucker

    tucker Road Train Member

    12,647
    40,420
    Jun 13, 2008
    IN
    0
    I'm single, no kids. Live in Indiana and I claim 7 dependents and usually get back about a $200 refund.
    Truck drivers have a lot of deductions., the per diem is the biggest, provided you can prove you have a residence in the off chance you ever get audited.
     
    tucker, Jun 13, 2016
    tucker, Jun 13, 2016
    #5
    KriegHund and double yellow Thank this.
  8. Jun 13, 2016 #6
    Clyde07

    Clyde07 Heavy Load Member

    809
    1,927
    May 28, 2013
    0
    A good CPA who knows the trucking business is money well spent. But, ask them questions to make sure they know and understand the trucking business.
     
    Clyde07, Jun 13, 2016
    Clyde07, Jun 13, 2016
    #6
  9. Jun 13, 2016 #7
    justa_driver

    justa_driver Road Train Member

    1,105
    817
    Apr 2, 2014
    Tennessee
    0
    Seven U.S. states currently don't have an income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. And residents of New Hampshire and Tennessee are also spared from handing over an extra chunk of their paycheck on April 15, though they do pay tax on dividends and income from investments.
     
    justa_driver, Jun 13, 2016
    justa_driver, Jun 13, 2016
    #7
    Flattie C Thanks this.
  10. Jun 22, 2016 #8
    double yellow

    double yellow Road Train Member

    5,946
    10,065
    Aug 28, 2011
    State of Jefferson
    0
    Truth. I always claimed 6 as a single company driver and still had refunds...
     
    double yellow, Jun 22, 2016
    double yellow, Jun 22, 2016
    #8
    KriegHund and tucker Thank this.
  11. Jun 25, 2016 #9
    Flattie C

    Flattie C Light Load Member

    141
    143
    Mar 26, 2016
    Richmond
    0
    But the thing is i dont have any dependents. I cant just put numbers if i really dont have any. I called and claim myself. I will have to see if I will have to pay ton at the end of the year.
     
    Flattie C, Jun 25, 2016
    Flattie C, Jun 25, 2016
    #9
  12. Jun 25, 2016 #10
    w.h.o

    w.h.o Road Train Member

    3,574
    4,068
    Jan 10, 2011
    Chicago, il
    0
    I put 1 and never own the feds but Illinois loves to take money. My refund is usually 1500-2000. They do take a lot of taxes but I get a nice check every year
     
    w.h.o, Jun 25, 2016
    w.h.o, Jun 25, 2016
    #10
    Flattie C Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 2