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Trucker Taxes Discuss taxes specifically related to truckers and the trucking industry here. Owner Operators have some hard decisions when it comes to tax time, but so do company truck drivers. Give us your hints here! STOP Uncle Sam from ravaging your wallet.

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^ Top   #1   04.01.2009

Cybergal Truck Forum Supporter   Last Seen: 04.16.2009 05.42 AM Member Since: Oct 2008 Posts: 13,838 My Trucking Photos: 27 Thanks: 2,066 Thanked: 2,575 Times My Truckers Blog : 16

The 11 Most Overlooked Tax Deductions The 11 Most Overlooked Tax Deductions Quote: Start with the 11 most-overlooked tax deductions. Then check out our final four breaks that are new this year and all but certain to be overlooked by far too many taxpayers. Claim them if you deserve them, and cut your tax bill to the bone. 1. State sales taxes 2. Reinvested dividends 3. Out-of-pocket charitable contributions 4. Student loan interest paid by mom and dad 5. Moving expense to take your first job 6. Military reservists travel expenses 7. Child-care credit 8. Estate tax on income in respect of a decedent 9. State tax paid last spring 10. Refinancing points 11. Jury pay paid to employer http://finance.yahoo.com/taxes/artic...Tax-Deductions

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^ Top   #2   04.04.2009

newtruckerwidow Heavy Load Member   Last Seen: 1 Day Ago 10.38 PM Member Since: Jan 2009 Location: no where really, GA Trucker? Trucker Wife Posts: 955 My Trucking Photos: 0 Thanks: 47 Thanked: 121 Times

Here's another most people don't know about. If you go to the doctor and have to pay to park that is deductible. Or to a hospital. I just did a refresher tax course and figured that one out. To most it's not alot but every $ helps these days. Also, if your employer takes money out for health,dental or vision insurance that is 100% deductible!

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