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Owner-operators benefited from new tax laws: ATBS

Jun 06, 2019 at 10:32 AM CST

Preliminary data based on over 3,000 tax returns indicate that the Tax Cuts and Jobs Act had an overall positive impact on owner-operators in the trucking industry. ATBS has observed the following statistics related to how owner-operators fared on 2018 taxes. Related: Tax-filing 2019: O-Os up, W-2 drivers down First, the average owner-operator’s taxable adjusted gross income (AGI) went from $43,093 in 2017 to $52,180 in 2018. This was an increase of $9,087 or 21%. The increase was predominantly related to a booming year in the transportation industry.