I am often required to travel for work and I would like to deduct my gas expenses from my tax return. What is the standard IRS gas reimbursement?
You can only deduct gas expenses if you use your vehicle to drive for your job. The expenses you deduct must relate to the following :
- Main job
- Second job
- Both jobs
You can usually deduct unreimbursed vehicle expenses using one of these methods:
- Standard mileage rate — $0.58 per mile in 2019. If you use the standard mileage rate, you will not qualify for the IRS gas reimbursement and therefore cannot deduct the gas separately.
- Actual vehicle expenses
Divide the expenses between personal and business use based on the miles you drove both. ways. Report these expenses on Form 2106.
Related Resources
Learn more about filing taxes when married and operating a business with advice from the tax experts at H&R Block.
What is a CPA, and how can one help you with preparing your taxes? Understand the role of a certified public accountant with the experts at H&R Block.
Can you claim your adult child as a dependent? Learn about dependent requirements and get tax answers from H&R Block.
Do you earn an income in Connecticut (CT)? Get your CT state tax questions answered with the help of experts from H&R Block.
