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Standard Mileage Deduction for Trucking-like job
I work as an independent contractor delivering campers to dealerships (similar to a trucking or hot-shot type of business). I contract my services out to another company that provides loads to be taken all over the US. My "tax base" is my home and I have a personally owned truck that I use solely for work (no personal miles). Though I do not have a CDL, I am subject to DOT hours-of-service regulations. I have DOT logs for every mile I drive in my vehicle.
Am I permitted to deduct 'round trip' mileage (miles from the storage yard I pick the units up from to my drop-off point and from my drop-off point back home or back to the yard) on my taxes since all the miles I put on my vehicle are all work-related and not a 'commute'?
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‎October 25, 2024
8:37 AM