MarthaT
Employee Tax Expert

Get your taxes done using TurboTax

Yes, as trucking company you can deduct the following expenses

 

  1. Fuel - Diesel
  2. Meals
  3. Truck Repairs & Maintenance – For example, Tire repairs, Additives, oil, etc.
  4. Licenses, permits, registrations, and taxes – There are some permits that you need to pay on the states in order drive through the certain states, such as form 2290 taxes
  5. Truck Insurance –
  6. If your truck is in repair and you need to spend the night in a hotel due to the waiting time you can deduct the hotel expenses.

You can find more information at https://turbotax.intuit.com/tax-tips/self-employment-taxes/what-you-need-to-know-about-truck-driver-...

 

Thank you for your question

**Say "Thanks" by clicking the thumbs up icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post