How do I deduct can i write gas off on my taxes on my taxes?
TL;DR
Gas expenses can be deductible if they are incurred for business purposes.
Detailed Answer
Where to Put It on the Tax Form
Schedule C (Form 1040) for sole proprietors or Schedule E for rental property owners under 'Car and Truck Expenses'.
Real World Example
A freelance photographer uses their car to travel to various client locations. They track their mileage and gas expenses and deduct these costs on their Schedule C.
Calculation Required
A calculation is required for this deduction.
You can either track actual gas expenses or use the standard mileage rate. For the standard mileage rate, multiply the total business miles driven by the IRS rate (e.g., 65.5 cents per mile for 2023).
Audit Risk & Documentation Tips
To minimize audit risk, keep detailed records of your business mileage, including dates, destinations, and purpose of each trip. Retain receipts for gas purchases if you opt to deduct actual expenses instead of using the standard mileage rate.
IRS Reference
IRS Publication 463 (Travel, Gift, and Car Expenses)
Relevant Industries
Popular Related Pages
Disclaimer: This is for informational purposes only and should not be construed as tax or legal advice. Always consult your tax advisor.
Page created on July 15, 2025