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The IRS Deadline for Truckers: What You Need to Know to Stay Compliant
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The IRS Deadline for Truckers: What You Need to Know to Stay Compliant
Key Takeaways Understand Key Deadlines: Truckers must file their annual tax return (Form 2290) by April 15 and make estimated tax payments quarterly (April 15, June 15, September 15, and January 15) to avoid penalties. Utilize Available Deductions: Take advantage of tax deductions specific to truckers, such as fuel costs, maintenance, meals, and mileage, to reduce your taxable income. Organize Documentation: Keep detailed records and receipts t…
The deadline for submitting tax returns expires on July 15th and the tax deduction amounts to 2% for those who submit their tax returns between June 16th and July 15th, provided that…More...
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