Is having to Pay to park your company truck during your hometime Tax Deductible?

Discussion in 'Trucker Taxes and Truck Financing' started by free spirited1, Nov 28, 2022.

  1. free spirited1

    free spirited1 Heavy Load Member

    935
    724
    Mar 18, 2012
    USA
    0
    Just wondering where I use to live in VT I had free parking. Where I moved to and I've searched like crazy but no free parking, I've found a descent spot but of course the restaurant owner charges me 250.00 each hometime he has minimum 30 days of course don't use 30 days more like 15 to 17 days, without having to sign an agreement and my truck is at least for the most part safe, and a good neighborhood and 10 miles from house. Again I'm a company driver, they pay parking when on the road. for parking if needed, but not during hometime. Can I deduct the 250.00 paid a few times during the year?
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. ZVar

    ZVar Road Train Member

    10,438
    22,288
    Sep 10, 2010
    Flint, MI
    0
    Unfortunately no. Just like meal allowances now, just because it's for work doesn't mean you can deduct it like you used to.
     
    free spirited1 Thanks this.
  4. free spirited1

    free spirited1 Heavy Load Member

    935
    724
    Mar 18, 2012
    USA
    0
    okay, thanks, I figured the answer was no. I wish we working people had the tax loop holes these big corporations got n pay no tax some of them
     
  5. buddyd157

    buddyd157 Road Train Member

    12,572
    31,156
    May 25, 2017
    under a shade tree
    0
    save ALL the ACTUAL receipts for things you paid for the truck, such as window cleaner, towel paper, etc. it helps too, that when you pay for those things, that you are either not in your hometown, or the receipts are stamped, not handwritten.

    take all that to your accountant, not your uncle Bob, or the neighbors 5 year old

    let your CPA tell you. the most you'd have to do if he/she says no..??

    toss them into the trash.

    get into the habit of making a paper trail.
     
  6. free spirited1

    free spirited1 Heavy Load Member

    935
    724
    Mar 18, 2012
    USA
    0

    Yes I use to keep all my recipes and also used the per diem, but that changed by govt...so no more deductions unless your an Owner OP..which I'm not n have no desire to be
     
    buddyd157 Thanks this.
  7. buddyd157

    buddyd157 Road Train Member

    12,572
    31,156
    May 25, 2017
    under a shade tree
    0
    i can "see" the feds not accepting the per diem as a tax deduction, but not supplies.

    keep all paper work, let the accountant take care of it, or inform him.
     
  8. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

    6,065
    8,876
    Jan 20, 2010
    Hesperia, Ca.
    0
    I met a company driver way back that use to pay rent for spot to park the company equipment. He said to the cost of gas and abuse of his personal car to drive to the company yard every day was cheaper paying for the spot than abusing his car back and forth every day.
     
  9. TruckerPete1990

    TruckerPete1990 Road Train Member

    8,422
    4,914
    Jul 16, 2012
    Bentonville Arkansas
    0
    Short answer yes its tax deductible. Long answer well that depends how much deductions do you have a year as a company driver. Most of the time it wouldn't be worth even trying to claim it you shouldn't even come close to the amount needed.
     
    drh72, free spirited1 and Diesel Dave Thank this.
  10. free spirited1

    free spirited1 Heavy Load Member

    935
    724
    Mar 18, 2012
    USA
    0
    Yeah true, I remember when we got like nearly 60.00 a day, of course that changed a few yrs back. Well it is what it is, I'll keep looking and maybe even move.
     
  11. free spirited1

    free spirited1 Heavy Load Member

    935
    724
    Mar 18, 2012
    USA
    0
    Yeah, or just tell them to keep their truck and job.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted