Tag: taxes: Page 3

Business

Senate bill would repeal 12% excise tax on truck, trailer purchases

This burdensome tax creates excessive costs that are passed on to truckers, who play an essential role in maintaining our nation’s economy. More here.

June 14, 2018

Overdrive Extra

Analyst notes potential offset to ELDs’ productivity hit

Todd Amen of ATBS predicts that the strong freight market, and with it owner-operator net income, will continue to grow into 2019.

March 15, 2018

Channel 19

Are tax changes relative to equipment investment and depreciation enough to move you?

Tax reform’s depreciation update explored: Do short-term sizable tax gains under new depreciation rules give you sufficient impetus to make an investment you might otherwise not have? Or do you view other purchase considerations as primary in any truck-purchase decision, taxes playing little role?

February 23, 2018

Overdrive Extra

Infrastructure fixes running out of gas

We can’t expect tomorrow’s dwindling fossil-fuel-powered vehicles to adequately fund already under-funded highways while the e-powered elite rides free.

February 17, 2018

Business

Tax reform means annual savings of $2,000 or more for owner-operators

A new deduction allowed for owner-operator businesses, as well as a few other reforms instituted by the tax overhaul, will mean annual savings of $2,000 or more for many owner-operators. Some could see annual savings as high as $7,000.

January 11, 2018

Overdrive Extra

The scrum over truckers’ meal per diem: A moot point under tax reform? (examples included)

Whether there’s a change to the per diem or not may mostly be a moot point, since the bill doubles the standard deduction allotted to all income tax filers, including truckers. The new deduction protocol for income tax filings may ultimately hinge on a numbers game, and owner-operators and company drivers will need to determine the best way to maximize their deductions.

December 21, 2017

Business

Tax bill likely sunsets meal per diem for drivers, cuts rates across the board

Insight into the tax reform bill that passed Congress on Wednesday, including tips on ways to maximize deductions — and minimize tax bills — for this year and next.

December 19, 2017

Voices

Tax cuts favored for middle class, small business

Readers name broad priorities for tax reform as House and Senate near agreement on reconciliation of two competing legislative tax packages.

December 14, 2017

Voices

POLL: What’s the most important aspect of tax reform?

What would you most like to see Congress achieve with tax reform? With House and Senate attempting to get a tax bill done before the end of the year, choose your most-preferred priority here to weigh in.

November 28, 2017

Business

Trump: ‘We want lower taxes, bigger paychecks for America’s truckers’

“No one knows America better than America’s truckers,” Trump told the crowd. He pressed for lower tax rates for individuals and businesses and a simpler filing system and spoke gushingly about trucking. “Nothing gets done in America without the hard-working men and women in the trucking industry,” he said.

October 12, 2017

Voices

POLL: Have you ever been through an IFTA or IRP audit?

How commonly state auditors review IFTA and IRP records of owner-operators is not widely known — what’s been your experience with audits of your International Fuel Tax Agreement filing or International Registration Plan records?

June 12, 2017

Business

Trump proposes tax cut for owner-operator businesses

It’s unclear how many single-truck owner-operator businesses would be affected by the tax cut, as many owner-operators already are in or below the 15 percent bracket.

April 26, 2017