Massachusetts Owner Operator Jobs
As an owner operator in the trucking industry in Massachusetts, you no doubt enjoy being able to spend your days out on the open roads. Trucking is hard work, but you would not dream of exchanging your trucking job for any other type of job available. One of the key features of being an owner operator in the trucking industry is the fact that you are a self-employed contractor. This enables you to pick and choose which trucking jobs you want to take on and which jobs you want to pass on. Through this, you have the ability to control your work schedule as well as your income to a degree.
There are other benefits associated with being an owner operator truck driver that you may not have considered. In your line of work, your status as an independent contractor allows you to enjoy many of the same benefits that other self-employed individuals enjoy. For example, you are able to write off vehicle-related expenses that you incur on the road. You may be able to write off an amount of money for each mile traveled, or you can write off actual expenses such as interest on your truck loan, gas and maintenance on your rig, auto insurance expenses and more.
You may not spend many of your work hours at home, but you may be able to write off a portion of your home as an office as well. In many cases, if you have a dedicated space in your home that you use to take business calls, schedule your gigs, pay your work-related bills and more, you may be able to write off a portion of your home's mortgage interest or rental payment, utilities and other related expenses. You should consider working with an accountant or tax professional for assistance with your taxes. Many owner operator trucking professionals are pleased to learn that they can decrease the amount of money they owe on their taxes by simply keeping better records of their business-related auto and home expenses. This means less money going to Uncle Sam in April and more money staying in your hands.
Consider contacting an accountant or tax professional today to discuss steps you can take to decrease the amount of money you owe in taxes from your owner operator trucking job.