2016 Tax Tips For Truck Drivers
Taxes and the trucking industry
Truck drivers incur unusual and often significant amounts of business expenses, so the IRS offers multiple tax deductions for these drivers’ use. Most of these deductions are available to drivers working for a company and self-employed drivers (Owner Operators), but some of them only apply to self-employed drivers. Additionally, any employer-reimbursed expenses are NOT deductible.