Saving Gas Receipts For Income Tax Time?

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I’m a college student and I commute. I hear that if I save my gas receipts I can claim it on my income tax. How exactly does that work and is it more of a hassle then it’s worth? Thanks!

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Comments on Saving Gas Receipts For Income Tax Time? Leave a Comment

February 19, 2010

rachel d @ 12:08 am #

Gas receipts (and tolls) are only deductible if you are commuting for wok..if your job has relocated you and/or requires you to travel for wrk..
sorry! not for traveling to school!!

DEBORAH F @ 5:47 am #

So sorry, commuting is not deductible travel…and gas taxes haven’t been deductible for decades.
If you are working and going to work-related classes, that’s different. Then you keep track of your mileage. If you itemize your deductions, you can take work-related education costs (which this would be) as a miscellaneous deduction on Schedule A Line 21.

Mom2GIQM @ 12:34 pm #

Nope. Sorry. No tax benefits for commuting even to college. http://www.irs.gov/newsroom/article/0,,i…

spicerta @ 6:51 pm #

Travel expenses are only allowed for self employed people not for employees or college students. You got bad advice from a self employed person.

Ms. Angel.. @ 11:15 pm #

Sorry but you were told wrong. Visit IRS website to find out what you can claim on your tax return. http://www.irs.gov

February 20, 2010

Helen, EA in PA @ 12:53 am #

Sorry, you heard wrong. No deduction.

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