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    jim gilboy's Avatar
    jim gilboy Posts: 1, Reputation: 1
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    #1

    Nov 30, 2013, 02:48 PM
    1099 IRS deductions
    Is there a standard deduction for food purchases or do you have to save receipts. I am an independent contractor over the road truck driver
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Nov 30, 2013, 03:54 PM
    If you are self employed, there are no standard deductions. Go to IRS.gov and print out a 1040, SE, and Schedule C, and depreciation of your truck form. Sch C is where you itemize deductions, including food. SE is Social Security tax. 1040 is all the usual. If you need help with depreciation, take it all to a tax preparer this time.
    You should save receipts for every little thing - tolls, gas, food, anything. If you don't, estimate and hope you don't get audited.
    Tax Deductions for Truck Drivers
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Dec 2, 2013, 03:33 PM
    As a trucker, you are authorized a daily per diem deduction of about $60 per day which requires no receipts. You need only prove that you were on the road on a contract.
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