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Actual Cost Meal Deduction

The actual cost meal deduction is one method which may be used for taxpayer's to write-off meal expenses from a taxpayer's taxes, but it is not the most efficient or most valuable way.  One of the most beneficial tax deductions that truck drivers have is the ability to write-off their meals and incidental expenses (M&IE expenses) while traveling for their trucking employment on IRS Form 2106 (titled Employee Business Expenses).

If a trucker were to use the actual cost meal deduction to deduct M&IE expenses, he or she would have to keep documentary evidence such as a receipt and accurate records for all of their M&IE expenses while they were traveling for work.  Because of the complications associated with this method of deducting M&IE expenses, the IRS allows an alternate method.  M&IE expenses can be written off via a method that is sometimes referred to by trucker tax preparers as the per diem deduction. Generally, that gives truck drivers a higher deduction than the actual cost meal deduction, and greatly simplifies the complexities of recordkeeping. TruckerTaxDirect.com specializes in preparing income tax returns for truck drivers.


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