A simple Answer TO yOUr Question
Do I need to keep receipts for gas and maintenance too?
Yes, if you are using the actual expense method. All vehicle-related expenses (fuel, insurance, maintenance, repairs, registration, parking, tolls) are deductible in proportion to your business-use percentage. Keep receipts or use a business credit card for all vehicle expenses so you have a clear paper trail at tax time.
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The Smart Buyer's Guide to Leasing vs. Buying in 2026
Discover:
✓ When to lease vs. buy
✓ Hidden fees to watch for
✓ Tax benefits for business owners
✓ Current manufacturer incentives
Smart move!
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