How to Write Off a Truck for Business
Businesses across many industries may be able to deduct truck-related costs when the truck is used for legitimate business purposes and properly documented.
Common truck write-off methods
- Section 179 deduction: May allow a large first-year deduction for qualifying vehicles used more than 50% for business.
- Bonus depreciation: Can accelerate deductions on qualifying property placed in service during the tax year.
- Mileage method: Deduct business miles using the standard IRS mileage rate.
- Actual expense method: Deduct business-use share of fuel, maintenance, insurance, registration, and depreciation.
What you need to document
- Mileage log with date, destination, and business purpose
- Purchase or lease paperwork
- Receipts for gas, maintenance, repairs, and insurance
- Business-use percentage calculation
Who this applies to
Truck write-offs can apply to many business types, including logistics, construction, field services, real estate, delivery, and owner-operator businesses. Eligibility depends on your facts, business use, and documentation.
Next steps
Explore write-off categories and estimate deductions before filing.
This page is educational and not legal or tax advice. Consult a qualified tax professional for your specific situation.