Deductions?

I would say it's not as much as you could take.

 

If you lease the payments are 100% deductable. Any cost that is required to keep your truck on the road is deducted. Trump makes millions and pays no federal taxes, but he says he also gets audited every year. There is not a set deduction amount. Keep all of your receipts.

 

A list of deductions http://www.thetruckersreport.com/trucker-tax-tips/

 

You are not the business owner, your company owns your truck. If the $500-$600 was required to stay at your job then you should be able to claim it. What is some of the things that you are deducting?

 

These items can be deducted https://www.taxslayer.com/support/1305/truck-driver-tax-deductions?language=1

 

If you are OTR your meals can be deducted http://www.gsa.gov/portal/content/104877

 

I haven't been a company driver in over 20 years, so I'm not familiar with what you can deduct as an employee.

 

This is some of the things a company driver can deduct http://taxes.lovetoknow.com/tax-deductions-credits/tax-deductions-truck-drivers