Can freelancers deduct can i deduct gas from taxes?
Gas expenses are deductible for freelancers when the vehicle is used for business purposes, such as traveling to meet clients or purchasing supplies. Personal use of the vehicle is not deductible. Freelancers can choose between deducting actual expenses, including gas, or using the standard mileage rate, which covers gas and other vehicle-related costs. It's crucial to maintain accurate records of business miles driven versus personal miles to substantiate the deduction. For example, if a freelancer drives 10,000 miles in a year and 6,000 of those are for business, they can deduct 60% of their actual vehicle expenses, including gas, or use the standard mileage rate for the business miles driven.