Deductions for truck drivers 2015

Special Per Diem Rates. Notice SECTION 1. PURPOSE purposes of computing the amount allowable as a deduction for travel away from home, 7 this notice is effective for meal and incidental expenses or for incidental expenses only paid or incurred on or after October 1, See sections and of Rev. www.doorway.ru Size: 28KB.  · The benefit most specific to long-haul drivers is what appears to be a boost in the per diem deduction to % from the current 80%. For typical over-the-road drivers, the change could lower a tax bill by $ to $1,, said Michael Schneider and David Campos of owner-operator financial services provider ATBS. Leasing costs (for example, a truck driver's trailer rental fees or a taxicab driver's rental fees paid to a cab company for the use of its vehicles) Fees paid for dispatch service. In addition, self-employed drivers of all stripes could be eligible for the .

Per Diem deduction is another way to help truck drivers save on food expenses on the job. The IRS allows for daily deductions of up to $63 in the tax year for trips outside of the country. There are also some regions within the US the IRS considers as high-cost areas, and trips to these areas are up to $70 daily. Therefore, every day a driver was on the road and was required to eat away from home entitles the driver to a $ deduction. Truck Maintenance Costs: Expenses associated with truck maintenance and cleaning are deductible regardless of whether the driver leases or owns the truck or works for an employer. This deduction includes: batteries, tires, sponges, cleaning supplies, CB repairs, truck parts and repairs. As a truck driver, you must claim your actual expenses for vehicles of this type. So, you can’t use the standard mileage method. To deduct actual expenses for the truck, your expenses can include (but aren’t limited to): Fuel; Oil; Repairs; Tires; Washing; Insurance; Any other legitimate business expense; Other unreimbursed expenses you can deduct include: Log books; Lumper fees; Cell phone that’s % for business use; License and fees for truck and trailer.

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