Tax Deductions for Truck Drivers- Lodge your tax return here.
As a starting point, a deduction is only allowable if an expense is:
a) Actually incurred;
b) Meets the deductibility tests; and
c) Satisfies the substantiation rules.
Most occupations have specific work-related deductions for their industry.
The most common work-related tax deductions for truck drivers are summarised in a basic table below:
|Clothing, uniforms and footwear|
|– Laundry and maintenance of clothing, uniforms and footwear||X*|
|Depreciation of tools & equipment||X|
|Drivers Licence (Car)||X|
|Driver Licence special purpose licence (e.g Heavy Combination)||X|
|Gifts and greeting cards ( for commission only employees)||X*|
|Insurance of equipment||X|
|– Overtime meal expenses||X*|
|Medical examinations for licence renewal||X|
|Parking fees and tolls||X*|
|Repairs to tools and equipment||X|
|Self education expenses||X*|
|Telephone, mobile phone, pager not supplied by employer||X|
|– Accom, fares, meals, incidentals not reimbursed||X|
|– Public transport fares or motor vehicle costs|
|– Home to work||X|
|– Home to shifting place of work||X|
|– Between two places of work||X|
|– Normal work to alternate place of work||X|
|Truck expenses not reimbursed by employer||X|
|Truck washes not reimbursed by employer||X|
|Union fees and professional association fees||X|
|Working dogs for livestock carriers||X|
If you would like to find out more about tax deductions for truck drivers, please contact us at Ask Us Tax. We have a number of clients in the truck driving industry and are confident we can maximise your work-related deduction claims.