What Can Owner-Operator Truck Drivers Deduct on Their Taxes?

Owner-operator truck drivers can deduct nearly every cost tied to running their truck as a business — fuel, maintenance, insurance, and even a daily per diem for meals while on the road — which makes trucking one of the deduction-heaviest 1099 occupations. Because you own or lease the truck itself, your deductions go well beyond what a company driver could claim. Fuel is usually the single largest expense, followed by maintenance and repairs, which can add up quickly given how much wear...