Drivers Roll Into Tax Season
February 13, 2021
Tax time is officially underway and those filing tax returns should get their W2 and deductions in order. April 15 is not that far away. Last year, the filing deadline for tax returns was extended through July 15 due to Covid-19. There has not been any official indication another extension will be granted this year, but regular tax extensions will still be available in the event that an official extension is not declared. Drivers who would like to delay filing can get an automatic extension until Oct. 15 by submitting Form 4868 (https://www.irs.gov/pub/irs-pdf/f4868.pdf) Be sure to read the fine print as that extension will likely be subject to interest.
For those who would like to access their IRS information, you can do so securely by visiting the IRS website directly. This year, the IRS is urging everyone to e-file to help speed up their tax refunds and avoid pandemic-related issues. Several online companies now offer free or low-cost e-filing options. One of the benefits of filing your tax return quickly is that drivers can claim stimulus money on their 2020 tax return as part of the Recovery Rebate Credit. There are other credits drivers can look forward to as well this year.
For instance, a reimbursement program for COVID-19 funeral expenses is coming down the pipeline. As part of this program, FEMA will cover up to $7,000 for each person. According to CNET.com, families are encouraged to begin gathering their documents and billing costs from mortuary, cemetery, and other services. FEMA is currently accepting proposals to hire contract support to administer this benefit. Announcements for reimbursement applications are expected to occur later this year.
We are all doing our best to carry on in the midst of a world-wide pandemic and it’s important to be aware, during this time, of all the resources available to you as a driver. For more information on your W2 or if you would like to inquire about the benefits of earning a steady income driving trucks, give us a call at 1-800-937-0880. You might be surprised to learn that working as a dedicated driver is often more prosperous and less stressful than other driving options.
About Millis Transfer
Millis Transfer, Getting It There Since 1936, has an impressive service record earning dozens of “Carrier of the Year” and safety awards, two Best Fleet to Drive For nominations and recognition as a Certified Top Pay Carrier for more than 14 years. Headquartered in Black River Falls, Wis., the company has grown to an 800+ truck carrier primarily operating east of the Mississippi River. Extra perks for Millis drivers include a maximum pay rate of 47-58cpm, beautiful and well-maintained equipment, as well as a long list of amenities and benefits.
Maintenance facilities and drop yards are also strategically located throughout the company’s operating area. Its sister company, Millis Training Institute, offers five school locations that provide students with quality training in order to earn their CDL-A license. To learn more, please visit www.millistransfer.com or www.mtidriving.com.