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May 26, 2017

Truck Driver Tax Deductions

Mark Sullivan- Per Diem Plus
Mark W. Sullivan, EA
Mark is our transportation industry expert and has nearly two decades of experience advising clients on IRS accountable per diem programs. 

Taxpayers have the right to pay only the amount of tax legally due. The following is an example of items a trucker may claim to maximize deductions and minimize their income tax bill.

Other Taxes:
State Income or Sales Taxes, Real & Personal Property Taxes

Real Estate:
Mortgage Interest, Mortgage Insurance (PMI) [if qualified on F1098]

Per Diem:
Daily meals & incidental expenses allowance

Lodging:
Unreimbursed Hotel Expenses

Communications Devices/Fees:
Cellular/wireless fees paid, Access Fees (i.e.: Internet, Satellite radio (XM-Sirius) and Television for road conditions, weather, “heads-up” detour announcements, and other safety and security purposes)

“Lot Lizard Repellents” and Criminal Behavior Deterrents:
Alarms & Sirens, Illumination Devices (lights), Surveillance (audio-visual) Systems

Safety & Security Devices:
GPS Systems & Updates, Air Fans, Boots (steel-toed), Boots (hazmat or rubber), ”Bungee” Cords/Tie Downs, Cab Curtains, Duct Tape, Flags & Flares, Flashlights & Batteries, Hardhat & Hazmat Devices, Jack Straps, Load Chains & Locks

Administrative Dues & Subscriptions:
OOIDA, Per Diem Plus

Clerical Operations:
Briefcase, Calculator, Computer Accessories, Copies/Reproduction of Documents, E-Mailing Fees, Faxing Fees Paid, Postage & Shipping

Regulatory Licensing & Costs:
Access Card/Permit Fees (i.e.: Includes access costs to military bases, shipping ports, etc.), CDL Licensing-Related Costs/Fees, DOT Physicals Fees & Costs, Log Books (paper & covers), Log Book-Related Software, Scales & Weighing Fees, Tolls

“Supplies” Categories (Personal Hygiene Supplies on Tractor):
Bed rolls. pillows & sheets, Cleaning & Sanitation Supplies, First Aid Kit & Accessories, Laundry Bag & Detergent

The above is provide for informational purposes and should not be construed as rendering tax advice. Every individual's tax situation is unique, please consult with a licensed tax professional.

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