Trucking deductions

[dianne868]

My husband is an Owner/Operator over the road truck driver (1099 driver). Is there somewhere I can find out what expenses are deductible?  The most important one to start with being meals. He is on the road 99% of the time. Is there a daily limit on meal expenses or rules on what actual business expenses can be deducted?  Thank you.

[MarthaT · Accepted solution]

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

[dianne868]

THANK YOU!  This is extremely helpful!