I had an over-the-road truck driver call me the other day asking about his meals expenses. Those people who work in the transportation industry may deduct up to 80% of their meals expense from their income taxes.
If you are like most people who hate keeping up with all of those receipts (which fade anyway), you can just use the federal standard amount.
This amount for 2008 is $39/day for meals and entertainment and $70/day for lodging. So let’s think about this. You could sleep in you rig and eat bologna sandwiches, and you would still get to deduct $109/day on your tax return.