tax time fast approaching

Discussion in 'Trucker Taxes and Truck Financing' started by orangepicker, Oct 24, 2014.

  1. orangepicker

    orangepicker Road Train Member

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    thing you may forget to deduct....laundry every time you do your laundry on the road you should keep a log of it.. date and location and cost fully deductible. at about $7.00 a load this could be a $400.00 deduction.

    please feel free to leave us a message on any deduction....thanks
     
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  3. orangepicker

    orangepicker Road Train Member

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    look over your bank statements. any ATM fees? 100% deductible
     
  4. SheepDog

    SheepDog Road Train Member

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    Sand Lake, MI
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    So, for laundry, I just have to keep a hand written record of where, date & cost. I wish I would have been doing that,,,but, I will do it next year...

    ATM charges are tax deductible?
     
  5. orangepicker

    orangepicker Road Train Member

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    yes just a hand written record is all you need....yes ATM fee and any check cashing fee are deductible
     
  6. Old Man

    Old Man Road Train Member

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    Oklahoma City, OK
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    If your doing laundry on the road your staying out to long
     
    Lucar and tirednaz Thank this.
  7. Old Man

    Old Man Road Train Member

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    Oklahoma City, OK
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    If your doing laundry on the road your staying out to long.
     
  8. double yellow

    double yellow Road Train Member

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    I like the places with credit card machines in the laundry room -- easy to keep track of receipts...
     
    tirednaz Thanks this.
  9. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    Not just your bank statements. All cost of obtaining cash away from your home base are deductable. This includes the ridiculous fees the truckstop atm's charge. Save you receipts from these machines too. Other deductables are anything you buy and use in producing your revenue. CB radio costs. XM Radio. Sheets for your bunk. Cleaning supplies. and on and on.
     
  10. Ridgeline

    Ridgeline Road Train Member

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    There is ... somewhere on this internet thing ... Oh never mind ... just go here and it has the right info people need for expense log.

    http://www.expeditersonline.com/forum/tax-business-topics-expediters/38270-here-format-you.html




    Are you asking or offering to answer questions?
     
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