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This is deductible but not as a business expense. You may also have to pay for your own health insurance coverage. You can deduct these premiums as a business expense. In addition to the commercial auto liability and property damage insurance you're required to maintain on your truck, you may also purchase insurance to cover cargo or lost income due to a business interruption. Tools and equipmentĪny tools or equipment you need for your trucking business are deductible, including: As long as you use this education to improve your skills in your current line of work or it's required for your job, you can deduct the cost. Many drivers pay for training to obtain or maintain a CDL license or other advanced certifications. But specialized clothing and safety gear required for your work, such as goggles or back braces, are tax-deductible. ClothingĬlothing you wear for everyday use isn't deductible - even if you only wear it for work. If you use the device for both business and personal purposes, you can only deduct the business percentage of your expenses. Phones, tablets, and laptops you use exclusively for work are 100% deductible, so you can claim the full cost of the device and your monthly data or internet plan. You can deduct any required fees to belong to a union or group, as long as they're required for business or help your trucking career. Many truck drivers are part of a union or other trucking association. Here are some common deductions you may be able to claim. You'll file both of these forms along with your Form 1040 tax return. You may also need to complete Schedule SE to report self-employment taxes. You'll use those 1099s, plus your own records of income and expenses, to report your trucking income and expenses on Schedule C. 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