Discussion Archives:OTR Co. Truck Drivers

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Discussion Forum Index --> Consumer Questions --> OTR Co. Truck Drivers


Whorutommy (talk|edits) said:

21 January 2007
In search of imfo. that i can use to file my own taxes and what deductions i can use. Thank you!

Bottom Line (talk|edits) said:

21 January 2007
There are special rules and allowances for truckers. Examples are per diem and fuel credit. Talk with other truckers. They probably have a tax pro that they use.

Deback (talk|edits) said:

January 21, 2007
One thing that is important for you to know is when you are gone overnight and deduct meals on Form 2106, you are allowed 75% of the meal allowance for the cities and areas you traveled to, instead of the normal 50% of meal allowance--if you are subject to the Department of Transportation hours of service limits (and I believe that most, if not all, truck drivers are subject to the DOT hours of service limits).

The standard meal allowances by states can be found at:

Domestic Per Diem Rates

Death&Taxes (talk|edits) said:

21 January 2007
Are you an owner/operator or an employee? If the former, I would seriously think of finding a professional who is familiar with truckers.

Deback (talk|edits) said:

January 21, 2007
I assumed he was an employee, but if he is an owner/operator, he would file Schedule C and still use the 75% rate for meal allowances on the Sch C, providing he is a sole-proprietor and not incorporated.

I agree, DT, he should hire a professional to prepare his taxes.

Deback (talk|edits) said:

January 21, 2007
Tim - My last message above did not separate the paragraphs, even though I hit Enter twice after the first sentence. (See "Edit this page.")  :)

JudyEA (talk|edits) said:

21 January 2007
Tim - You can look in the 10-4 Magazine for preparers to help you with your tax return, they are familar with trucking :)

Whorutommy (talk|edits) said:

24 January 2007
Thx u 4 your input, its my start! Thxs again and have a Great New Year!
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