Truck drivers help keep various industries in Texas and elsewhere up and running. Without these drivers making pickups and deliveries of supplies and products, many companies would end up at a standstill. Though their jobs are essential, truckers must still pay taxes like all other workers, so it is important that they understand how to file their taxes properly and what to do about any tax issues that might arise.
One of the biggest issues to watch out for is ensuring that drivers file their taxes on time. This year, rather than facing the typical mid-April deadline, tax season has been extended until May 17, 2021. While this gives truckers and other taxpayers more time to get their returns in order, it is important not to wait until the last minute to file in case any concerns arise.
Other details that truck drivers in particular may want to keep in mind when working on their taxes include:
- Drivers may be able to reduce their tax obligation by keeping up with the money spent on food eaten on the job through the per diem food benefit.
- Drivers cannot deduct deadhead miles or time off from work for their taxes.
- Drivers who act as an independent contractor or are otherwise self-employed must remember to pay estimated taxes throughout the year.
- Itemizing deductions will not necessarily lead to an audit, but it is critical that only honest deductions are made to avoid getting in a difficult spot with the IRS in the event of an audit.
In some cases, the IRS may choose to audit a truck driver or another worker for simple tax issues. Nonetheless, any time a problem arises involving the IRS, it is wise to get assistance with the issue. Fortunately, Texas tax attorneys could help concerned parties ensure that they understand the best way to handle any dealings with the IRS over tax-related concerns.