Clear, practical tax information to help you save more and file with confidence — whether you're an owner-operator or a company driver. 300+ expert guides written by our team.
Whether you're an owner-operator managing Schedule C deductions or a company driver tracking unreimbursed expenses, our guides break down every tax topic in plain language. From IFTA fuel tax and Form 2290 to per diem meal rates and Section 179 depreciation — updated for 2026 tax rules.
Truck drivers can deduct fuel, per diem meals, tolls, parking, permits, truck payments, depreciation, ELD devices, GPS, insurance, and more. See our full guide.
The IRS allows truck drivers to deduct meals using per diem rates. For 2026, the rate is $69 per day inside the U.S. ($80 for the first/last travel day). Learn more in our per diem guide.
It depends on your situation. The standard mileage rate is simpler but may yield a lower deduction. The actual expense method requires more record keeping but often results in larger savings. Compare both methods.
IFTA (International Fuel Tax Agreement) simplifies fuel tax reporting for truck drivers operating in multiple states. You need an IFTA license if you operate a vehicle over 26,000 lbs in two or more jurisdictions. Full IFTA guide.
Yes, if you expect to owe $1,000 or more when filing. Owner-operators and independent contractors should make quarterly estimated payments to avoid penalties. Self-employment tax guide.
You can deduct truck loan interest and depreciation (Section 179, bonus depreciation). The truck payment principal itself is not directly deductible, but the interest and depreciation are. Truck payment deductions.
