TRUCKING BLOG

2025 is almost over, which means it’s time to make sure you have minimized your tax bill for the year. There are many things you can begin doing now to make filing your tax return as easy as possible and reduce the amount you owe. Let’s take a look at a few of the most important tax moves to make before 2025 comes to an end. Whether you’ve been an owner-operator for all of 2025 or just part of 2025, we can help you get those complicated owner-operator taxes filed. Click here

Get a head start on gathering the things you’ll need to file a successful tax return. Consider using this information to help you be prepared for the upcoming tax season! Income Documents and Information 1095-A Federal Marketplace Health Insurance (This is non-employer insurance) W-2 Wage and Tax Statement 1099-NEC Non-Employee Compensation 1099-INT Interest Income 1099-DIV Dividends & Distributions 1099-R Taxable Pensions, IRAs, Annuities SSA-1099 Social Security Benefit Sta

As the year winds down and routines slow a bit, winter can be a natural time to pause, reset, and get your financial life in order. With a little extra focus, you can set yourself up for a smoother and more confident year ahead. Here are some practical ways to refresh your finances this season. Get organized Winter often brings a chance to catch up on the tasks that get pushed aside during busier months. This is a good moment to organize your financial accounts. For example,

The weather is beginning to get a little cooler across the United States and some of the higher elevations are beginning to see snow. That means it’s time to freshen up on the chain laws in the states that you regularly run. Alabama The use of tire chains are allowed when required for safety during a time of snow, ice, or another condition that might cause slippery highways. Alaska You are not permitted to use chains from May 1 through September 15 when north of 60 North Lat

When was the last time your CPA or tax professional updated you on the current Per Diem rates you are entitled to? Have they ever explained why you need to deduct actual expenses instead of using the standard mileage deduction? Did you know that you can deduct expenses for your dog as security for your truck in many cases? Taxes, in general, are complicated, but taxes for owner-operators are even more complicated. It’s crucial to have a tax professional who knows the trucki

The first half of 2025 has been tough for many owner-operators, with high costs and weak freight keeping profits tight. But some drivers...