Truck Driver Tax Deductions: What You Need to Know


If you’re a driver and a taxpayer you likely spend a lot of time behind the wheel and on the road. It’s important to note that there are some truck driver tax deductions that you may qualify for.

By keeping up with these deductions and filing the right documents, you can recoup some of your costs as you’re driving. It’s important to speak with a tax professional to ensure that you know what deductions you qualify for and how to file them properly.

Keep reading for a full list of deductions for truck drivers and how you can use them to lower your tax bill.

Medical Expenses

There are many deductions that truck drivers can claim on their taxes, including medical expenses. To deduct medical expenses, the driver or trucking accountant must have receipts or other documentation to prove that they’re doing taxes. Eligible expenses include doctor and hospital visits, prescriptions, and physical therapy.

Mileage driven for medical appointments can also be deducted.

Deductions Available

Know what deductions are available to you. You can deduct expenses like travel, meals, and lodging. You can also deduct the cost of your truck, fuel, and maintenance.

Keep track of your expenses. Be sure to keep receipts and documentation of all your expenses. This will make it easier to claim your deductions come tax time.

Finally, make sure you are filing taxes early. If you wait until the last minute, you may miss out on deductions that could save you money.

Save Money

There are a lot of tax deductions available to truck drivers that can save you money. Whether you’re an owner-operator or company driver, you can take advantage of deductions for maintenance, and other expenses.

Keep your receipts and expenses throughout the year so you can maximize your deductions.

Maximize Tax Deductions

Truck drivers can maximize their tax deductions by understanding which expenses are deductible. Expenses that are necessary and directly related to operating a truck, such as fuel, repairs, and tires, are deductible. Other tax tips may be available for certain truck drivers, such as those who use their trucks for business purposes.

Self-employed truck drivers may deduct a portion of their truck’s depreciation.

Common Mistakes When Deducting Expenses

If you’re a truck driver, you know that trucking is a demanding and often expensive profession. But did you know that there are common tax deductions available to the truck driver taxes that can help offset the cost of driving? Here are some common mistakes to avoid when deducting trucking expenses:

  • Fuel tax deduction
  • Depreciation deduction
  • Maintenance and repairs deduction
  • License and registration deduction
  • Insurance deduction

By taking advantage of these deductions, you can save money.

Knowing Truck Driver Tax Deductions

If you’re a truck driver, there are certain tax deductions you can take advantage of. Knowing what truck driver tax deductions you’re eligible for can help you save money, medical expenses, deductions available, maximize deductions, and common mistakes. Be sure to talk to a tax professional to learn more about which deductions you can take.

For more information on carriers, truck drivers, trucking companies, and more visit our blog daily.