Driving For Owner Operator-taxes

If you like math or just buy a program or app to figure your taxes not really difficult with all the help available. That's a decision you have to make as to which case is more beneficial to you. The real issue to me is the no benefits. If this is a temporary job to get you to another place I clearly understand. There are so many opportunities that offer benefits to help in the short term(hopefully no injuries take place) & long term retirement benefits I'm older now so I think about more than just money. I have to work so I should look for all I can get for my work. I also got hurt before on a the job. I was so glad the benefits were there to cover me & support my family. All the best to you and your family on your journey

 

What's going on now is 50/50 after expenses

 

25% - 7.5% payroll tax is 17.5 percent. Not including federal and state tax. 28%- 15%(you'd pay the entire payroll tax) is 13% not including federal and state tax. The 25% sounds like a better deal

 

If he is driving their truck, with no lease, isn't he considered an employee according to the IRS criteria.
The 25% sounds like better pay.

 

What about all the deductions you can take with a 1099

 

Same deductions you can take being a truck driver

 

No it's not.
Who can claim truck driver tax deductions?
If you're an employee of a trucking company and receive a W-2 at the end of the year, unfortunately, none of your job-related expenses are tax-deductible. If you're a self-employed driver, on the other hand, you can deduct expenses related to your work.

 

Either way isn’t this a extremely low %?