Being an owner/operator is a great job and an opportunity for drivers to be their own boss. But the more organized you are the more easily you will be able to reduce costs.

It is common to overlook some of the lesser known or small items that you will purchase or use as part of your business that can also be deducted. It all comes down to knowledge and organization. And the difference in tracking some of the items below can result in the savings in thousands of dollars on your tax bill.

Deadhead miles are not deductible directly. However, the costs to operate the truck for the miles are deductible.

If the home office is the principal place business for administering and managing the trucking company, then this may be deducted from the taxes.

In 2009, the mileage for the use of a car was 55 cents if it was used for business, 24 cents if used for medical or relocation purposes and 14 cents when used for charitable services. In 2010, the rate will decrease to 50 cents, 15.5 cents and 14 cents respectively. With expected increase in gas prices for 2011, it is likely that the mileage allowance will rise again in 2011.

Up to 30 percent of your net income should be saved for tax purposes, so understand that as you are budgeting throughout the year.

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 nine months the driver is away.

A little organization goes a long way – on and off the road!