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Barbara Weltman

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Refundable credit for commercial truck drivers?

April 16, 2023 / By Barbara Weltman

That’s what would happen if the newly proposed Strengthening Supply Chains Through Truck Drivers Incentive Act is enacted. The bi-partisan measure would create a $7,500 federal tax credit beginning in 2024 for those who drive not less than 1,900 hours per year and have adjusted gross income below certain limits. New truck drivers would receive a credit of $10,000. #IdeaoftheDay

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