A Gas Mileage Log is a document that records your vehicle gas consumption and mileage. Additionally, you can keep track of your vehicle's maintenance, service, and repair expenses. Individuals and businesses face many problems related to the consumption of various types of fuel. It is also necessary to monitor driving routes - you may use a Driving Log Sheet for that.
Fuel management is equally important, as there may be a gas leak that can seriously affect the vehicle, so the best option is to record all of the gas usage. Moreover, if a vehicle operator uses their own vehicle for business purposes, it is possible to deduct a percentage of driving-related expenses from their taxable income.
To keep an accurate record of any business-related driving and activities, use a Gas Mileage Log Sheet - you may download a ready-made one through the link below.
Create a table to document how much you spend on gas, including price per gallon, and track the mileage on your vehicle's odometer. Follow these steps to draft a Gas and Mileage Log:
If you file an income tax return containing a mileage deduction, attach a statement containing specific information that confirms your use of a personal vehicle for work. You must keep a Gas Mileage Log in your records for up to three years.
Related Forms and Templates: