2761570
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I claim all of the money I spent on gas for my trucks as an expense?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Can I claim all of the money I spent on gas for my trucks as an expense?

if you used the truck in your business then yes. the deduction will be limited by the ratio of business mileage to total mileage.  you may have the option of using the standard mileage rate rather than actual expenses

 

If you want to use the standard mileage rate for a vehicle you own, you must choose to use it in the first year the vehicle is available for use in your business. Then, in later years, you can choose to use either the standard mileage rate or actual expenses.

View solution in original post

3 Replies

Can I claim all of the money I spent on gas for my trucks as an expense?

if you used the truck in your business then yes. the deduction will be limited by the ratio of business mileage to total mileage.  you may have the option of using the standard mileage rate rather than actual expenses

 

If you want to use the standard mileage rate for a vehicle you own, you must choose to use it in the first year the vehicle is available for use in your business. Then, in later years, you can choose to use either the standard mileage rate or actual expenses.

Carl
Level 15

Can I claim all of the money I spent on gas for my trucks as an expense?

When it comes to gas (and only gas), the per-mile deduction for business miles driven (not personal or commuting miles) is better by far.

Can I claim all of the money I spent on gas for my trucks as an expense?

Just a note that OP is self-employed.  W-2 employees may not take any deductions for this.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question