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June 6, 2019
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My husband is a truck driver can we deduct the amount that we paid for the physical Damage insurance

  • June 6, 2019
  • 1 reply
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we pay for Physical Damage insurance through his settlements.  Can this be deducted on the taxes.

Best answer by Phillip1

Yes. Physical Damage Insurance  is a ordinary and necessary business expense for a truck driver that can be deducted on your return.

1 reply

Phillip1Answer
Employee
June 6, 2019

Yes. Physical Damage Insurance  is a ordinary and necessary business expense for a truck driver that can be deducted on your return.