1099 Truck Driver Tax Question
Hello everyone, I’m a truck driver and I need some tax advice.
I live in my truck almost the entire year, about 355 days, and I do not have a physical home, apartment, or mortgage that I pay for. My company pays most of the truck-related expenses, and I only pay for my food and personal items.
My main question is about taxes at the end of the year. As a 1099 driver, should I deduct my actual meal expenses, or are meals considered personal living expenses when the truck is basically my home? After reading IRS information and other articles, I understand that some major expenses may not be deductible, but I am still unsure about meals and other small personal expenses.
I am also starting after I get paid my $1800 gross per week , am planning to send about 25% of each payment to the IRS weekly so I can stay current on my taxes. Is that a safe amount to set aside, or could that end up being too much or too little?
I would really appreciate any advice from experienced. do not have anyone nearby who can explain this clearly, so any help would mean a lot.