It’s a common question for truck drivers, and the answer depends on your situation. Purchasing equipment before year-end can offer a tax benefit, especially if you’re an owner-operator or self-employed, because many business-related purchases may be deductible.

That said, the decision shouldn’t be based on taxes alone. If you genuinely need new equipment, have the cash flow to support the purchase, and the item is ordinary and necessary for your business, buying before December 31 can make financial sense. But if you’re only considering it to reduce your tax bill, it may not be the best move.

Every driver’s situation is different, so thoughtful planning is key. If you’re unsure whether a year-end purchase is right for you, talking with an Abacus! professional can help you weigh the costs, timing, and long-term benefits.