Can you deduct gas and mileage?
Asked by: epondel
I just talked to a guy in the super market who swears that I can deduct both mileage and gas as well as other expenses related to my business. He says he worked for the government for several years and a good friend of his is an accountant. When I did last years taxes I deducted miles but not gas, cost to repair the car, etc.
This year I’m stuck with a $ 330/month car payment on a newer car, plus car insurance of course. The more I can deduct, the better. But I’m not so sure I believe him. I’ve not read anything that says that I can deduct both. It is true, I use the car mostly for business but I am also a college student so there are personal miles as well.
How others found here:
- can you deduct gas and mileage on taxes