21 April 2010

Income & Tax Deductions for Truck Drivers

Remember, you cannot automatically claim a deduction just because you received an allowance. For a summary of deductions specific to Truck Drivers see our post ==> Tax Deduction Finder for My Job.

See these posts for checklsts on eTax and assessable income and etax and allowable deductions.

See this post for a detailed checklist of  Tax Deductions for Truckdrivers.

Truck drivers commonly get the following:
  • travel allowances
  • meal allowances.
If any allowance is shown as a separate amount on your payment summary, include it as income at item 2 on your tax return. You must include the whole amount of any award transport payment you received.

Receipt of an allowance does not automatically mean that a corresponding tax deduction can be claimed, even if your work might be considered unpleasant, special or dangerous.

For help with your eTax return see our eTax Return Checklist.

My Tax Zone has the genuine online tools, skills and experience to help you get the best refund. EzTax is our web based tax return app. Try it now. It's FREE to get started.

Copyright 2014 All Rights Reserved | My Tax Zone