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Taxes what can be claimed

Discussion in 'Questions From New Drivers' started by HD_Renegade, Oct 31, 2017.

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  1. Oct 31, 2017 #1
    HD_Renegade

    HD_Renegade Road Train Member

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    Driving solo for a company in their truck. Driving OTR, what can you claim for deductions ??

    Thank you
     
    HD_Renegade, Oct 31, 2017
    HD_Renegade, Oct 31, 2017
    #1
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  3. Oct 31, 2017 #2
    WesternPlains

    WesternPlains Road Train Member

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    You can deduct any work related expenses. That is on short form! Don't even have to go long.
    I may even deduct the expense of a smart phone. I honestly have not, and cannot see, having a smart phone. Until... going trucking. Then I need it.
     
    WesternPlains, Oct 31, 2017
    WesternPlains, Oct 31, 2017
    #2
    Jmans and HD_Renegade Thank this.
  4. Oct 31, 2017 #3
    STexan

    STexan Road Train Member

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    Hotels, paid showers, un-reimbursed parking, cb radio and tuning, tools, portion of cellular plan, certain specialized clothing like slicker or coveralls gloves for chaining and fueling
     
    STexan, Oct 31, 2017
    STexan, Oct 31, 2017
    #3
    HD_Renegade Thanks this.
  5. Oct 31, 2017 #4
    STexan

    STexan Road Train Member

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    And don't forget the big one for OTR drivers ...

    Standard Daily Meal Allowance
     
    STexan, Oct 31, 2017
    STexan, Oct 31, 2017
    #4
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  7. Oct 31, 2017 #5
    Call_Me_The_Breeze

    Call_Me_The_Breeze Medium Load Member

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    I think the standard per diem deduction is $61 a day last I checked. HOWEVER, make certain your company does not calculate per diem in your check, that will nullify the per diem deduction when filing.

    I can see saving receipts as an owner-operator or lease-purchase, but as a company driver, it's a lot to keep up with that's not really necessary. Just my $0.02. Your results may vary.
     
    Call_Me_The_Breeze, Oct 31, 2017
    Call_Me_The_Breeze, Oct 31, 2017
    #5
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  8. Oct 31, 2017 #6
    STexan

    STexan Road Train Member

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    Not sure how long it will last though. With this malfunctioning congress and potus, don't be surprised if we lose it soon.
     
    STexan, Oct 31, 2017
    STexan, Oct 31, 2017
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    HD_Renegade Thanks this.
  9. Oct 31, 2017 #7
    Call_Me_The_Breeze

    Call_Me_The_Breeze Medium Load Member

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    MALFUNCTIONING? *SOMEONE'S* being generous... I Will Take You To Our Leaders - If You Take Them With You - Congress.JPG
     
    Call_Me_The_Breeze, Oct 31, 2017
    Call_Me_The_Breeze, Oct 31, 2017
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    SingingWolf Thanks this.
  10. Oct 31, 2017 #8
    WesternPlains

    WesternPlains Road Train Member

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    We talking long form here? Or can that go on work expenses on the short form?
     
    WesternPlains, Oct 31, 2017
    WesternPlains, Oct 31, 2017
    #8
  11. Oct 31, 2017 #9
    Call_Me_The_Breeze

    Call_Me_The_Breeze Medium Load Member

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    My preparer did a simple 1040 and entered the total days on the road x daily per diem deduction under exemptions, from the looks of it.
     
    Call_Me_The_Breeze, Oct 31, 2017
    Call_Me_The_Breeze, Oct 31, 2017
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  12. Oct 31, 2017 #10
    HD_Renegade

    HD_Renegade Road Train Member

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    From doing some searching I found this. So for everyday you are on the road, you can claim $63.00 dollars a day ??

    As of October 1, 2016, the special meals and incidental expenses (M&IE) per diem rates for taxpayers in the transportation industry are $63 for any locality of travel in the continental United States and $68 for any locality of travel outside the continental United States.
     
    HD_Renegade, Oct 31, 2017
    HD_Renegade, Oct 31, 2017
    #10
    mnmike Thanks this.
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