Deductible Expenses

Discussion in 'Ask An Owner Operator' started by CaTrumpeter, Jul 30, 2013.

  1. CaTrumpeter

    CaTrumpeter Bobtail Member

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    Jul 30, 2013
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    New O/O here and that means I'm going to be doing my own taxes for the first time. I've done my taxes on my last business, but just wanted to ask the community a few questions about expenses. Are all my expenses deductible? Fuel, maintenance, tolls, etc....Are all those deductible when I file my taxes? Is there any type of expense that isn't deductible?

    Is there anything else about taxes that a first timer should know, but might miss?
     
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  3. Bigray

    Bigray Road Train Member

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    several threads here that cover just that question. all expenses related to the truck or business.
     
  4. Roadmedic

    Roadmedic Road Train Member

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  5. jbatmick

    jbatmick Road Train Member

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    Research the per diem deduction. So much a day for personal expenses.
     
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