* Fuel and oil
* Tolls
* Parking fees
* Lodging
* Meals
* Per diem (when traveling away from home for more than 24 hours)
2. Truck operating expenses
* Lease or purchase payments
* Insurance
* Repairs and maintenance
* Tires
* Registration and taxes
* Fuel-efficient equipment
* Weight and mileage fees
* Communication and navigation equipment
3. Business expenses
* Office supplies
* Postage and shipping
* Phone and internet service
* Marketing and advertising
* Legal and professional fees
* Travel expenses for non-trucking purposes
* Entertainment expenses
4. Personal expenses
* Health insurance
* Dental insurance
* Vision insurance
* Disability insurance
* Long-term care insurance
* Retirement savings plans
* Social Security tax
* Medicare tax
It's important to keep track of all of your expenses, so that you can claim the deductions and credits that you're entitled to. You can use a variety of methods to track your expenses, such as:
* Keeping a logbook
* Using a mileage tracking app
* Saving receipts
You should also keep track of any income that you receive, such as:
* Wages
* Bonuses
* Commissions
* Per diem
* Reimbursements
This will help you to calculate your taxable income.
If you have any questions about what you can claim on your taxes, you should speak to a tax advisor.
