Truck driver salary guide how much do truck drivers make. An over the road truck driver is paid by the mile, a new driver can expect to get paid. As of january 1, 2018 employee company drivers can no longer claim per diem on their form 1040, us income tax. Over the road, or otr, truck drivers earn a higher salary too. Tax minimization strategies for otr company driver per. What salary does a otr truck driver earn in your area. Jul 27, 2015 my husband is an otr truck driver he delivers primarily in states east of the mississippi. The fuel surcharges are adjusted weekly based on the price of fuel. Salary estimates are based on 500 salaries submitted anonymously to glassdoor by otr truck driver employees. Otr drivers spend weeks on the road but will command the highest salary. Over the road otr team driving can be a rewarding career for people looking to travel the country, earn a competitive income, and do so with a partner who can share in the journey. Employees can deduct ordinary and necessary job expenses when filling out income tax returns. Of course, bonuses and additional perks are available for their top drivers.
Does an over the road truck driver pay income tax in the. How much do otr owner operator truck driver jobs pay a year. Long haul truckerotr driver deductible expenses worksheet. Mar 30, 2018 ultimately, truck driver pay boils down to what you want out of your driving career and understanding the tradeoffs with each opportunity. Track expenses with an easy to use app, access tax experts with live phone calls year round, and file your annual taxes, all for one low monthly fee. Taxes and deductions that may be considered ordinary and necessary depends. But wait, theres more in addition to the above mileage, performance, annual increase and accessorial truck driver pay, you can also get. Otr drivers can go back home anywhere from a couple of times a week to once every 48 weeks, depending on the job. Drivers that are just starting out can expect to see starting wages. For an experienced independent truck driver, the rate per mile could be as high as 60 cents a mile. If you do a rough calculation, it may sound as if as a truck driver can make a decent amount of money.
The average truck driver is expected to travel between 2,000 and 3,000 miles per week, based on the 70 hour maximum hour restriction over eight days. Salary estimates are based on 303 salaries submitted anonymously to glassdoor by otr driver employees. Information on truck driver salaries on the truckers report. This means for an experienced independent truck driver traveling an average of 70 miles an hour on the interstate can make an average of 42 dollars an hour. Truckers tax tips and tax deductions for truck drivers. Otr truck drivers travel long hours all over the country and they have to respect road regulations in different states.
A look at the average ups driver salary truck driving jobs. New truck drivers can expect between 30 and 40 cents per mile. Over the road otr truck drivers can take advantage of numerous deductions related to their job. Drivers that are just starting out can expect to see. Ultimately, truck driver pay boils down to what you want out of your driving career and understanding the tradeoffs with each opportunity. Team driving has been a popular option for drivers, but it can be a challenge to be matched with a codriver whom you are compatible with. Filter by location to see otr driver salaries in your area. Track expenses with an easy to use app, access tax experts. Filter by location to see otr truck driver salaries in your area. My husband is an otr truck driver he delivers primarily in. A truck driver has his family residence with his wife in morris, il. Otr family with truck driver appreciation week otr capital. Employees can deduct ordinary and necessary job expenses when filling out income tax returns, according to the internal revenue service irs.
Mar 04, 2019 1st year truck driver pay heres the cold, hard truth trucker g is here to tell you the cold, hard truth about truck driver pay. The following is designed to assist otr employee truck drivers in determining if participating in companypaid per diem plan will prove beneficial solely from a tax mitigation perspective. For truck drivers, irs publication 463 is likely the most cited tax publication that the. If you do a rough calculation, it may sound as if as a truck driver can. Several other causes of variation among driver wages exist beyond location.
Feb 11, 2007 i am an interstate truck driver and the state i live in does not have an income tax but the company i work for is in a state that does have an income tax do i have to pay income tax for the state that i live in or the state that i work in i was told that i do not have to pay tax in the state that i work in but cant find the name of the act that makes me exempt from that tax. Trucker per diem rules simply explained per diem plus. If you dont file for one year, the odds are you are not going to file for the next year, the next year, and so on. Employment of heavy and tractortrailer truck drivers is projected to grow 5 percent from 2018 to 2028, about as fast as the average for all occupations. Local truck drivers are generally paid by the hour, however, long distance or over the road otr truck drivers are paid by the mile. Xpress is offering various signon bonuses for experienced otr drivers in select locations. The irs considers a semitruck to be a qualified nonpersonaluse vehicle. Jun 29, 2011 8 studentbased continuing professional education tuition and loan interest that may or may not be directly related to truck driving work the driver is not already performing. To increase a drivers wage get into specialized work or obtain endorsements to have an advantage over other candidates. Not filing your income tax return can get you into serious trouble with the irs. Otr truck drivers salaries differ depending upon what the person is hauling. Visit payscale to research otr truck driver salaries by city, experience, skill, employer and more. How much does an otr truck driver make in the united states.
Per diem plus takes the guesswork out of tracking trucker per diem for otr truckers. Taxes and deductions that may be considered ordinary and necessary depends upon. Salary estimates are based on 500 salaries submitted anonymously to glassdoor. Many find, however, that these network of local runs sometimes turn into something that resembles the time table of otr work, driving around the clock to get the done. Hunt is a reputable trucking company that does hire rookie drivers.
Going through a truck driving school that offers employment placement assistance. How much does a truck driver make in united states. Long haul truckerotr driver truck driver recruiters. How much does a truck driver make in the united states. Al, ga, sc, fl, nc, va, answered by a verified tax professional. He is driving for the company across the us, using their equipmen read more. With years of experience, let our highly experienced tax preparers simplify your income. As the demand for goods increases, more truck drivers will be needed to keep supply chains moving.
Otr, or over the road, drivers do daunting work and. He works for a company in gibson city, il as an otr truck driver. Company ufp hamilton, llc job title truck driver location 115 distribution drive, hamilton, ohio 45015 open date apr 21, 2020 area of interest logistics general summary truck driver is responsible for the operation of commercial vehicles in excess of 26,000 pounds gross vehicle weight, to deliver goods to customers and operations, and to pick up material from vendors and other operations. As of january 1, 2018 employee company drivers can no longer claim per diem on their form 1040, us income tax return, as an itemized deduction on schedule a. Government of canada labour statistics, august 8, 2018. Apply to truck driver, otr, owner operator driver and more. Median refers to the middle salary not the average. This means for an experienced independent truck driver traveling an average of 70 miles an hour on the. How much do otr truck drivers make great plains transport. For example, if one drove diesel powered tractors and took a course or two on maintenance and repair of diesel powered tractors i. If you dont file for one year, the odds are you are not going to file.
As a truck driver, you must claim your actual expenses for. Tax minimization strategies for otr company driver per diem. Otr driver income taxes, bookkeeping and trucker permits our mission. Inspired by random things that you do as a over the road otr truck driver. Irs publication 463 contains the rules and regulations for deducting business travel, entertainment, gift, and car expenses. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. I was an otr truck driver, my company was not in my home. Irs publication 463 travel expenses for truck drivers. Hunt is a company that has many benefits including no forced dispatch. Specialize in long hauls from coast to coast and youll be sure to earn a good living.
Team otr driver working in a pair means you can clock longer distances. Company ufp hamilton, llc job title truck driver location 115 distribution drive, hamilton, ohio 45015 open date apr 21, 2020 area of interest logistics general summary truck driver is responsible for the. I am a otr driver over the road working for different companies for 5 years. Just like with any other job, entry level positions do pay considerably less. When there are two truck drivers, the work can be switched off while the other driver rests or relaxes. Truck driver tax deductions may include any expenses that are ordinary and necessary to the business of being a truck driver. A trucker who is driving a refrigerated truck has to have the training and experience to handle the great responsibility of that type of hauling. Each type of driver will have different earning potential. Increases are given once a driver proves themselves. Here are some average salaries based on the type of driving. These deductions include anything that has to do with your business of being an otr employee that is a. Truckers income is affected by cdl, experience, the state you work in, or the company you work for. We work tirelessly to help keep your money in your pocket.