Lucero's Income Tax Services

Que es una deducción legítima de gastos de negocio ? A continuación te dejad una descripción

Tax Tip: Not every expense qualifies in every situation. Keep receipts and records, separate business and personal expenses, and talk with your tax professional (us! 😊) before claiming deductions.

One important distinction: Buying a truck doesn’t automatically mean you deduct the entire purchase price as a regular expense. Depending on the truck, business use, purchase date, financing, and tax situation, the deduction may come through depreciation, Section 179, bonus depreciation, or another method.

Interest: Interest on qualifying business loans or truck financing may be deductible, subject to applicable rules.

Depreciation: trucks and other qualifying equipment may be depreciated, and some property may qualify for Section 179 or bonus depreciation. For 2026, the Section 179 maximum is $2.56 million, although several limitations and eligibility rules apply.

Licenses, Permits, & Fees: CDL-related business costs.

Truck equipment & supplies.

Technology.

Insurance: Commercial auto liability, Physical damage, cargo, Bobtail/non-trucking liability, Occupational accident, and other business insurance.

Meals while traveling: Qualifying interstate truck drivers subject to DOT hours-of-service rules may generally deduct 80% of eligible business meal expenses while traveling away from their tax home.

Lodging & travel: Hotels or Motels required while traveling away from your tax home for business can generally qualify as travel expenses.

Professional services: Bookkeeping, Accounting, Tax preparation, Payroll, Legal fees, and other professional services related to the trucking business.

Office/Business expenses: Postage, Printer supplies, paper, Business cards, Advertising, Bank fees, Factoring fees, Merchant fees, and Business software.

Employees/contractors: Qualifying wages, Payroll taxes, and Contractor expenses can generally be business deductions.

We are less then 2 weeks away from Sept. 15th! Just a reminded to get your documents in order and contact your tax preparer a.s.a.p.!

💸 Q3 ESTIMATED TAX PAYMENT REMINDER! 💸

📅 September 15, 2026 is the deadline for the third estimated tax payment for the 2026 tax year.

Need help reviewing your Q3 numbers? Contact your tax professional before the deadline.

A breakdown of the Trump Accounts (530A IRA)

Remember Late August/Early Sept. is the unofficial cut off for S-Corporation owners to fix their payroll! Contact us today! (214)596-0290 😁

One card for business. 💳 One card for personal. 💳 No exceptions. 🚫

Attention Notaries: Did you know that not all notary income is taxed the same? While fees for official notarial acts aren’t subject to self-employment tax, other payments like travel and document handling may be. Understanding these distinctions is crucial for accurate tax reporting. Stay informed and avoid overpaying. For more insights: https://ow.ly/QIhf50ZERzN

Ya estás preparado para llenar la declaración de impuestos de tu Compañía la extensión de tiempo ya está por terminar