Is can i use gas as a tax write off a business expense?
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Gas expenses are deductible when the vehicle is used for business purposes. This includes travel between job sites, client meetings, or business errands. However, commuting from home to a regular place of work is not deductible. The deduction can be claimed using the actual expense method, where you track all vehicle-related expenses, or the standard mileage rate, which includes gas costs. For 2023, the standard mileage rate is 65.5 cents per mile. It's crucial to maintain a log of business miles driven and keep receipts if using the actual expense method.