How do I deduct can i write off gas on my taxes?
Business Expensesfreelancersreal estate agentsconsultantscontractorstax
Gas expenses are deductible when they are incurred as part of operating a vehicle for business purposes. This includes driving to meet clients, traveling between job sites, or any other business-related travel. Personal commuting expenses, such as driving from home to a regular office, are not deductible. You can choose to deduct actual expenses (including gas) or use the standard mileage rate, which covers gas and other vehicle-related costs. For 2023, the standard mileage rate is 65.5 cents per mile. It's crucial to maintain a log of business miles driven, including the date, purpose of the trip, and miles traveled.