Restaurant Stimulus Gives Truckers a Break

     Owner/operators are one of the beneficiaries of a measure enacted by the federal government to help restaurants recover from the pandemic. Instead of deducting 80% of the cost of restaurant meals on the road, truckers may now deduct 100% of such expenditures for tax years 2021 and 2022. Obviously, anyone who takes advantage of this deduction should retain proof in the form of restaurant receipts in case of an audit.

     ICSA does not give financial or tax advice, so we urge you to consult a tax accountant before you file your taxes to take full advantage of this change.

What We Have Learned About Trucking After Hurricanes

10 October 2024

Hurricane Katrina in 2005, and now Hurricane Helene in 2024, with Milton bearing down on the Gulf Coast! Major storms, with major disaster areas and the need for emergency supplies, most of which come by truck.