Essential Tax Deductions for Truck Drivers: Part 2

  • 10 years ago
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Truck drivers can incur considerable expenses across a typical year on the road, so it’s important to keep track. National Heavy Haulage has gathered a list of essential tax deductions that truck drivers should consider this financial year.

For more useful truck driver resources, head over to http://www.nationalheavyhaulage.com.au/news

Following our previous article Simple Tax Deductions for Truck Drivers: Part 1, National Heavy Haulage is pleased to present yet more deductions that truck drivers should consider this financial year.
Tools

The right tools can make the biggest difference when you’re stranded in the bush with your truck. A truck driver’s toolkit may contain a whole range of tax deductible items, so remember to keep those receipts.

Crowbar
Electrical Tape
Torch
Hammer
Pliers
Screwdrivers
Measuring tape
Spanners
Wrenches


Workwear

When it comes workwear, most truck drivers agree that personal comfort and safety is worth the investment. While many transport companies will include uniforms and PPE as part of a driver’s remuneration, there may be occasional out of pocket expenses.

Boots
Hard Hat
Rain Gear
Uniforms
Alterations
Gloves
Safety Glasses


Load Securement

Unsecured cargo is dangerous cargo, and nothing to further from the truth than with heavy haulage. Consider claiming for these and more load securement purchases.

Bungee Cords
Load Chains
Load Bars
Load Straps
Locks
Wide Load Flags


Travel Expenses

Given the size of Australia, it’s not surprising that long haul truck drivers may be required to sleep away from home. Keep in mind that some of these travel expenses may be tax deductible.

Accommodation
Meals
Incidentals
Air Fares
Bus Fares
Cab Fares
Hotel | Motel



We hope you’ve found our list of essential tax deductions for truck drivers useful. At National Heavy Haulage we are specialists in mass and oversized freight, with a superior heavy haulage fleet and a commitment to driver safety. Follow us on Facebook, Twitter or Google+ and keep up to date with our latest news for more great truck driver and industry resources.

This list of truck driver tax deductions has been compiled as a guide only and does not take into account an individual’s personal circumstances.