TWIC Card

Discussion in 'Trucker Taxes and Truck Financing' started by Speedemon1084, Dec 25, 2012.

  1. Speedemon1084

    Speedemon1084 Medium Load Member

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    Anybody know if TWIC is tax deductible?
     
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  3. Cranky Yankee

    Cranky Yankee Cranky old ######

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    would seem to me anything you spend buisness related is tax deductible
    had a friend that incorperated his small buisness
    held stockholders meetings on grand caymon
    of course you can deduct anything till you get audited
     
  4. bubbanbrenda

    bubbanbrenda Road Train Member

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    Mine was.......
     
  5. Mommas_money_maker

    Mommas_money_maker Road Train Member

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    Of course it is, Just the same as your license and endorsements needed.
     
  6. aiwiron

    aiwiron Road Train Member

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    Yes, just like any other trade which requires you to have a paid license or job related expense.
     
  7. LandShark

    LandShark Road Train Member

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    only if you ITEMIZE your deductions and you have enough to deduct other that the $7000.00 credit they give you anyways...
     
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  8. CondoCruiser

    CondoCruiser The Legend

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    Standard deduction is $5950 this year. Most average company driver's that elected per diem are better off using the standard deduction. You really need a mortgage, medical bills, investments to take you over the top. Every other company driver and all OO's are better off itemizing.

    But to the OP the TWIC is a business expense and is deductible if you go that route.
     
  9. Flightline

    Flightline Road Train Member

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    I heard on road dog radio, our government is no longe going to recongize TWIC as identifacation at Milatary bases.
     
  10. aiwiron

    aiwiron Road Train Member

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    Many bases never did, I have used my TWIC even at certain air ports as ID. But nothing is in stone where it has to be accepted other than ports, heck many ports do not even have the bio scanners yet.
     
  11. Bumpy

    Bumpy Road Train Member

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    Did "Dog" radio happen to mention what military bases then will recognize? In my world I think I have used the TWIC card maybe 3 times in as many years,all in Houston ports. Hardly worth it IMO.
     
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