2018 Tax Act

You're a W2 driver not getting reimbursed for lumpers?

 

Wait. You pay for fuel? Wtf is this company?

 

if you are w2 employee you wont be able to write off any expenses for work. why are you paying the companies bills as an employee?

 

Just so I can wrap my head around this, can you please give me an idea of what level of income we're talking to make it worth your while?

 

Your not a w-2 you are really a 1099 independent contractor if you are paying labor or fuel or anything for the truck. I'm w-2 and don't pay anything to operate the truck and definitely not for fuel. That's my companies responsibility. They pay for truck washing and parking and windshield washer fluid. They pay for everything. They even pay me detention pay if I'm not loaded or unloading with in 1 hour. Plus they pay for lumpers if needed.

Under the new tax law W-2 don't get any tax deduction like we could if the company did not pay for something. Instead we get the new $12,550 deduction vs the older one of $6,300. Some say truckers lost some when they changed the standard tax deduction and no write offs but that was basically to make taxes for most W-2 very simple. So if your paying for fuel that's not good.

You should change to 1099, or really find a real driver job that's w-2 or 1099.

 

Honestly I would say you could be an employee and also offering some business services as a sole proprieter. Keep track of your business expenses and put them down as a separate business on your return that business will make a loss and be a additional deduction to your standard deduction. Talk to a tax accountant if you need to but these days TaxAct turbotax software ect make it pretty fool proof