[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"\u002Fblog\u002Ftax-deductibles-2022":3,"_apollo:default":198},{"id":4,"title":5,"author":6,"body":7,"date":184,"description":185,"extension":186,"img":187,"lastUpdated":188,"meta":189,"navigation":190,"path":191,"seo":192,"stem":193,"tags":194,"__hash__":197},"blog\u002Fblog\u002Ftax-deductibles-2022.md","Tax Deductibles for Owner Operators and Contract Drivers","Lanefinder",{"type":8,"value":9,"toc":177},"minimark",[10,14,17,22,25,28,32,40,45,52,57,60,65,76,81,89,94,97,102,105,110,113,118,121,126,129,139,148,152],[11,12,13],"p",{},"Tax season is coming, and so is the chance to make back some of your money! If you’re an owner operator or a 1099\ncontract driver, you need to be familiar with all of your deductible costs. You may know most of these already, but a\nfew of these might surprise you.",[11,15,16],{},"We hope you’ve kept your 1099 form organized and updated throughout the year so you can identify ALL of your deductibles\nthis April.",[18,19,21],"h2",{"id":20},"gross-income-deductions","Gross Income Deductions",[11,23,24],{},"The most important type of deduction to think about are the ones that reduce your adjusted gross income. The lower your\ngross income, the less you pay in tax overall.",[11,26,27],{},"For instance, if you make $80,000 annually, and spend $10,000 on licensing fees and other work related expenses\nthroughout the year, that adjusts your remaining gross income to $70,000. So instead of paying taxes on the $80,000 you\nmade, you only pay taxes on your Adjusted Gross Income (AGI).",[18,29,31],{"id":30},"what-can-you-claim","What can you claim?",[11,33,34,35,39],{},"Keep in mind that not ALL drivers are qualified for each type of deduction. Also keep in mind that anything that your\ncompany has reimbursed you for ",[36,37,38],"strong",{},"cannot be claimed"," again in your tax returns.",[11,41,42],{},[36,43,44],{},"1 Food on the road",[11,46,47,48,51],{},"If you’re an OTR or Regional driver, you can deduct food expenses from your taxable income. You can either deduct a per\ndiem amount (amount differs depending on where you are) or save all of your food receipts. At the end of the year, you\ncan deduct 80% of what you paid in meals for the year. Note that this ",[36,49,50],{},"does not apply"," to Local drivers.",[11,53,54],{},[36,55,56],{},"2 Medical exams",[11,58,59],{},"If you ever suffer a work-related issue and need to see a doctor, you can deduct it from your taxes. Not all medical\nexpenses are deductible, however, so make sure you have a valid reason. As a truck driver, your health is your number\none priority, so make sure all work related medical costs are accounted for.",[11,61,62],{},[36,63,64],{},"3 Truck repairs and maintenance",[11,66,67,68,71,72,75],{},"Any repairs or maintenance that were ",[36,69,70],{},"not reimbursed"," by your employer can be claimed. Cleaning fees can also be\ndeduced, as long as they come out of your pocket. You ",[36,73,74],{},"cannot"," claim time spent on labor if you repair \u002F maintain the\ntruck yourself.",[11,77,78],{},[36,79,80],{},"4 Personal products",[11,82,83,84,88],{},"These include the small purchases that make your life on the road easier. These could include food storage, log books,\nspecialized clothing, electronics, and more. These little expenses ",[85,86,87],"em",{},"will"," add up fast, so keep good track of them and\nyou might be surprised at how much you can deduct at the end of the tax year.",[11,90,91],{},[36,92,93],{},"5 Phone plans and internet",[11,95,96],{},"The IRS is well aware of the significant role of your phone when you’re on the road. You can deduct 50% of your phone\nand internet costs. Any laptop or phone purchased during the year can also be fully deducted from your income.",[11,98,99],{},[36,100,101],{},"6 License fees",[11,103,104],{},"Any and all costs relating to obtaining and maintaining your CDL can be claimed.",[11,106,107],{},[36,108,109],{},"7 Fuel and travel costs",[11,111,112],{},"If you own your own truck, you can claim the miles you drove on the job.",[11,114,115],{},[36,116,117],{},"8 Association and union dues",[11,119,120],{},"Union and collective fees deductible. You can even claim costs associated with other trucking group memberships if you\ncan prove they are directly related to your career.",[11,122,123],{},[36,124,125],{},"9 Other non-trucking deductibles",[11,127,128],{},"If you want to really maximize your tax refund, do your research on which other deductibles you qualify for. These could\ncome in the form of child tax credit, earned income tax credit, lifetime learning credit, and much more.",[11,130,131],{},[132,133],"img",{"alt":134,"height":135,"sizes":136,"src":137,"width":138},"Deductibles Image",778,"800px","\u002Fimages\u002Fblog\u002Fdeductibles.jpg",608,[11,140,141],{},[85,142,143,144],{},"Other deductibles you may be surprised you can claim. Chart obtained from ",[145,146,147],"a",{"href":147},"taxslayer.com",[18,149,151],{"id":150},"what-cant-you-claim","What can’t you claim?",[153,154,155,159,162,165,168,171,174],"ul",{},[156,157,158],"li",{},"Clothing for everyday wear",[156,160,161],{},"Any expense reimbursed by your employer",[156,163,164],{},"Commuting costs to HQ",[156,166,167],{},"Home phone line",[156,169,170],{},"Time spent working on equipment",[156,172,173],{},"Lost income as a result of unpaid mileage",[156,175,176],{},"Downtime",{"title":178,"searchDepth":179,"depth":179,"links":180},"",2,[181,182,183],{"id":20,"depth":179,"text":21},{"id":30,"depth":179,"text":31},{"id":150,"depth":179,"text":151},"2022-03-21","Tax season is coming, and so is the chance to make back some of your money! If you’re an owner operator or a 1099 contract driver, you need to be familiar with all of your deductible costs. You may know most of these already, but a few of these might surprise you.","md","\u002Fimages\u002Fblog\u002Ftaxdeductibles2022_blog_cover.jpg",null,{},true,"\u002Fblog\u002Ftax-deductibles-2022",{"title":5,"description":185},"blog\u002Ftax-deductibles-2022",[195,196],"trucking","blog","t-YfVf63L9yv8Vp-yN6-A1TQxbojOkDSCK5lpAsHiZU",{}]