How do I deduct is gas deductible for self employed on my taxes?

Business Expensesfreelancersreal estate agentsconsultantsdelivery servicestax

Gas expenses can be deducted if they are directly related to the operation of a vehicle used for business purposes. Self-employed individuals can choose between the standard mileage rate or actual expenses method to calculate their deduction. The standard mileage rate for 2023 is 65.5 cents per mile. If using the actual expenses method, you can deduct the cost of gas, oil, repairs, insurance, and depreciation, but only the portion that applies to business use. Personal commuting or non-business travel is not deductible. For example, if you drive your car 10,000 miles in a year and 6,000 of those miles are for business, you can deduct 60% of your actual gas expenses.

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