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  1. #1
    Currently inactive, contact Bullhaulerswife for support WiseOne's Avatar
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    Exclamation Trucker Tax Tips & Deductions

    Hi all, we are going to try and start a section here for trucker tax tips. Owner Operators face far more challenges, come tax time, than company drivers...but ALL truckers can save more money by doing their taxes better.

    Last edited by Admin; 10.12.2011 at 09.55 AM.

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  3. #2
    Mr. Miles & Miles with Many Smiles
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    great decision ,wise one,really interesting subject to get into. I hope we get a great commentator for this subject. thks.

  4. #3
    "Tipster" Tip's Avatar
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    The biggest tax break of all for a TL OTR driver

    Taking your per-diem deduction is the best move of all for anybody who does OTR, TL driving. Save your logbooks, though. You'll need 'em in a year or two if the IRS comes calling to audit you.

    What is the per-diem allowance per day now? Like 55? If so, that's a $15,000+ deduction, making it around 3x the standard deduction.

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    Road Train Member
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    The Per Diem Rate is 52.00 a day. IRS allows truckers subject to DOT to get 75% of this deduction. It can be taken as itemized deduction subject to 2% or on Schedule C by owner/operator.

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  7. #5
    Currently inactive, contact Bullhaulerswife for support WiseOne's Avatar
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    The Per Diem Rate is 52.00 a day.
    That is true, it is $52/day for this year. Thanks, RoadMedic.

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  9. #6
    Mr. Miles & Miles with Many Smiles
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    Yep 52 usa ,but,if you run canada you can deduct 58 a day on the days you are in canada,don't forget the half days,if youhave a half on the start of the week and another half at the end etc,you can claim that, be sure and keep your log books as proof.

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  11. #7
    Bobtail Member martinez's Avatar
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    Quote Originally Posted by Roadmedic View Post
    The Per Diem Rate is 52.00 a day. IRS allows truckers subject to DOT to get 75% of this deduction. It can be taken as itemized deduction subject to 2% or on Schedule C by owner/operator.
    Where can I find information on what a driver can and cannot claim as a tax writeoff?

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  13. #8
    Currently inactive, contact Bullhaulerswife for support WiseOne's Avatar
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    Items Truckers Can Deduct. That should help some. It is not really in-depth, but a good start.

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  15. #9
    Bobtail Member martinez's Avatar
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    Thank You!

    Thanks WiseOne!

  16. #10
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    Other Items you can deduct

    You can deduct kleanex, toilet paper, napkins, plastic forks spoons knives, paper towels, cds, dvd, Eye glasses, contacts, drivers licenses these are a few more items that can be deducted.

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