Can you get money back on your taxes by saving your car gas receipts?

yes u can if ur travling is apart of ur work

If you’re operating a business and you use your car for company business, you can deduct that portion of use.

But personal use? No.

Only if the gas is used as a business expense.

Not unless your work pays you for traveling.

If you get a 1099 (because you are an independent contractor rather than an employee), you can deduct business expenses including auto expenses. Employees on a W-2 don’t get deductions for driving to work. There are two ways to choose from to do this–mileage or actual expenses. If you do mileage, keep track of the mileage you drive doing business for the year, and multiply it by the rate the IRS sets (last year it was $0.425/mile). The other way is actual expenses–take the amount you paid for the car, repairs, gas, and everything over the year. If the car is just used for business you can claim the whole amount, if it is used for business and pleasure, you need to estimate a percentage of how often it is driven for business and multiply it by the expenses. So if you paid $10,000 in expenses and use it for work 75% of the time, you’d deduct $7,500 from your income when you calculate your taxable income.

Check this with an accountant or tax preparer–I’m not one.

The only way you can use your gas receipts on your taxes is if you own your own business and you are using your vehicle for that business or if your job requires you to use your personal vehicle. You can use either the % of gas receipts attributable to business or so much cents a mile for business miles. Either way you must deduct from those expenses any reimbursements your employer paid you.

MRS. JRW

You might be able to reduce your taxable income by taking deductions for business transporation expenses. This would result in less tax owed, and might increase your refund or decrease your balance due.

If you use your vehicle for business, you may be able to take deductions for the costs of operating your vehicle. You can take the actual expenses, which would require you to save your fuel and repair receipts. Or, you may take a flat mileage rate of 50.5 cents per mile.

Not unless some of your miles are business miles, driven as part of your work – personal miles, and commuting miles which are the miles driving from home to work and back, aren’t deductible.