Can freelancers deduct can i write off gas on my taxes?

Business Expensesfreelancersconsultantsreal estate agentsindependent contractorstax

Gas expenses are deductible when they are incurred for business purposes, such as driving to meet clients or traveling to a work site. Personal commuting expenses, like driving from home to a regular place of business, are not deductible. Freelancers can choose between deducting actual vehicle expenses, which include gas, or using the standard mileage rate. If using actual expenses, they must track all vehicle-related costs and allocate them based on the percentage of business use. For example, if 60% of the total miles driven in a year are for business, then 60% of the gas expenses can be deducted. The IRS requires detailed records to substantiate the business use percentage.

Popular Related Pages

Related Questions