Deductions & credits

Trucks and Buss are excluded from the standard mileage deduction.  However, you can still claim expenses tied to the use of your truck such as; Gas, maintenance (oil change, tires, cleaning etc.), anything you have to pay in order to maintain your truck and keep it running.  If you are a truck owner operator, you can also include;

Insurance

Interest Payments

Leasing fees

Depreciation

You would want to use the actual method, (as there is no standard mileage method for a bus) because it costs you a lot to drive a bus in the cost of the bus (depreciation taken of this) the fuel, repairs, maintenance etc, which would be much larger than the cost of driving an auto or pickup.



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