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Deductions & credits
So you use the company vehicle for personal use as well? Did you save your gas receipts and track your milage? If you fill the tank, and it costs $75, and you get 400 miles to a tank, then the cost per mile would be .1875. So, if you fill the tank and drive 100 miles for work and 300 for personal then you would say you spent $18.75 on gas for that tank.
This is not the same as deducting the standard mileage as that is $.65 per mile.
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‎February 13, 2024
4:16 PM