If you’re a long-haul truck driver, chances are you make several work-related purchases in a typical day. You grab a cup of coffee and hit the road. You have to stop for fuel, and you pick up some lunch while you’re off the freeway. As you make these notes in the logbook you purchased for your trips, you realize your truck is due for regular maintenance soon. After driving another leg of your journey, you get to your truck stop or hotel. That evening, you check your credit card app and see that your automatic payment for union dues went through. After buying some dinner and a shower, it’s time to hit the hay so you can get an early start tomorrow.
There are a lot of expenses when you spend your day traveling! These can eat away at your hard-earned paycheck. However, smart truck drivers know that by carefully keeping records of all expenses, they can use these costs to reduce their taxable income with truck driver tax deductions.
The record-keeping is your responsibility, but knowing exactly how to take these tax deductions can get complicated. If you’re uncertain about how these deductions work, or simply don’t want to bother with the minutiae of tax law, hiring an experienced tax professional can make your taxes easy.
Read more