Tax Considerations For Long-Haul Vs. Short-Haul Truck Drivers
Tax Considerations For Long-Haul Vs. Short-Haul Truck Drivers Truck drivers face unique tax considerations depending on whether they operate long-haul or short-haul routes. Understanding the differences can help drivers optimize their deductions and reduce their tax liabilities. Long-Haul Truck Drivers Long-haul truck drivers typically travel longer distances, often crossing state lines and spending nights away from home. This type of driving opens up several tax deductions and considerations: Per Diem Deductions: Long-haul drivers can claim per diem expenses for meals and incidental costs while on the road. These deductions are available only if the driver is away from their tax home for more than one day. Mileage Tracking: Accurate mileage tracking is crucial for claiming fuel tax credits and other travel-related expenses. Long-haul drivers often cover thousands of miles, making precise record-keeping a necessity. State Tax Obligations: Long-haul drivers may owe state income taxes...