Knowing which deductions are available specifically for the truck driving industry helps owner operators, independent operators, and commercial company drivers save money on their end of the year taxes. These deductions reduce the amount of income the truck driver has to declare for tax purposes.

Overnight Trips

The 2009 tax year allows the commercial truck driver to deduct $52 for each day he or she is away from home. The maximum deduction is for the first 9 months the driver is away. According to the Internal Revenue Service, the driver can deduct 80% of the per diem for 2009.