Reciepts

Discussion in 'Ask An Owner Operator' started by Lazy, Mar 18, 2019.

  1. Lazy

    Lazy Light Load Member

    63
    19
    Jun 26, 2018
    0
    That sucks... thanks
     
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  3. Omega1

    Omega1 Heavy Load Member

    721
    1,595
    Nov 18, 2017
    Oregon
    0
    Yes it does. 2018 tax year was terrible for me as a company driver compared to previous years.
     
  4. spindrift

    spindrift Road Train Member

    3,225
    12,879
    Dec 2, 2014
    Texas
    0
    Almost makes you wanna go out and buy your own truck.
     
  5. snowwy

    snowwy Road Train Member

    19,779
    12,322
    Jul 6, 2009
    0
    The deduction has always been greater then standard deduction.

    When I was a wrench back in the 90s. I had to spend more then $5,000 in tools to claim those.
     
  6. Lazy

    Lazy Light Load Member

    63
    19
    Jun 26, 2018
    0
    Im still new to the world of filing taxes, still learning
     
  7. Espressolane

    Espressolane Road Train Member

    14,844
    84,130
    Nov 21, 2009
    Just south of the north 40
    0
    Best to find a good CPA. If they are enrolled agents even better.
     
    x1Heavy Thanks this.
  8. x1Heavy

    x1Heavy Road Train Member

    34,017
    42,098
    Mar 5, 2016
    White County, Arkansas
    0
    What we learned to do in Arkansas was reduce the amount of taxable income on paper. We already had income from the VA, SS etc so that did not count. Earned income did. So as long in those days we kept it around 17K we break even with no tax or very little wash of hands either way.

    The new recent changes to tax law has finally as far as we are concerned tossed one of the biggest things we used in life, that's the daily perdiem backed by number of service days away from house as logged OTR times two people.

    I think it is the intent of dear Uncle Sam is to bring in more revenue now. Everything is a little bit smaller as a result.
     
  9. adayrider

    adayrider Road Train Member

    1,289
    1,732
    May 7, 2018
    0
    You need a CPA to collect a drivers pay check?
     
  10. mover man

    mover man Road Train Member

    1,698
    1,801
    Feb 21, 2010
    0
    Blame Obama or Hillary. Are you u tired of winning yet?
     
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