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Self employed
Hi Cheryj48,
TurboTax has a great article for truck drivers https://turbotax.intuit.com/tax-tips/self-employment-taxes/what-you-need-to-know-about-truck-driver-... to help you determine what can be deducted as an expense for your Truck Driving work. We also have a great tool called Tax Caster https://turbotax.intuit.com/tax-tools/calculators/taxcaster/ that will help you determine your tax liability for the year based on your net business income, filing status, and number of dependents. Generally you could potentially buy things you need for your trucking business and your tax liability would be less but it wouldn't be a dollar for dollar offset.
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August 30, 2023
10:43 AM