write off boat/ski fuel on taxes

[jetskiWilly]

Wish I knew this before I just filed. You can write off fuel purchased for boats/skis/off road on your taxes.

 

[Pablo]

 

[crdnlplt]

Be careful here. Some states allow you to submit your fuel/gas receipts in order to claim a refund of the "road tax" that is placed on purchases at pumps from say a gas station for off-road use. That is on a state by state basis. Federally you should look here: http://www.irs.gov/publications/p510/ch02.html#en_US_publink1000116950 but I do not believe you can claim gas as a deduction on your 1040 for recreational use.

 

[Mark44]

Yes its road tax only unless you use a tanker full of fuel not really worth going through. IMO

 

[Fro Diesel]

You'd be surprised what you can write off depending on your job. Best to consult w a tax lawyer. Those peeps at hr block don't know everything.

 

[Vumad]

I don't know the specifics but this is what I have heard...

You can not write off fuel on your taxes like an educational or business expense or mortgage interest. However there are road taxes on top of the fuel taxes. Supposedly you can write off the road portion of the tax. I guess it would be more of a refund than a write off. Write off is definately not going to be the right term.

I've never tried. I've never really researched it.

 

[OCD Solutions]

In Canada, I could buy marked fuel at the bulk plant and not pay the road tax in the first place. Can you do that in the US?

What about the gas at the pumps marked for marine use only, or is that more about ethanol content? I stopped at one the other day and saw it was only 87 octane so I never even bothered checking the price.

 

[Vumad]

We can't buy fuel in fl not for road use. Marinas sell ethanol free like $1 more than the few landlocked stations that sell it.

 

[Quinc]

I have only seen diesel for off road use (Farming town).

 

[OCD Solutions]

Back home they would mark anything. They add the die after so it didn't matter what they were pumping, pick your poison and no tax. I was filling up an 80 gallon slip tank with Premium every 2 weeks when I had my Seadoo.

 

[aytee]

In Canada, I could buy marked fuel at the bulk plant and not pay the road tax in the first place. Can you do that in the US?

What about the gas at the pumps marked for marine use only, or is that more about ethanol content? I stopped at one the other day and saw it was only 87 octane so I never even bothered checking the price.

you can buy it without a road tax as long as you get it form a fuel supply company, not at the pump.. i have a 250 gallon tank that i have filled by a local supply company for the skis, sled, atv, and lawn mower.. first off it's bulk fuel, second road tax don't get added until it makes it to the pump... road tax is only like 2 cents a gallon though, i do it for the bulk price and convenience of not having to drive 15 miles one way to the closest pump... mind you this is South Dakota, other states may be different...

 

[Scraggly]

ky road tax at the pump is close to .30 each gallon

 

[aytee]

That sounds more like gas tax not road tax... got state and fed taxes, highway patrol tax, ethanol tax... road tax is usually a very small portion of gas price... road tax is the only thing you can be refunded... our overall fuel tax is about .22/gal..

Sent from inside a beer can

 

[High Speed Industries]

I bought about 400-500 gallons of fuel for offroad use last year and I think the tax in Nevada is like .30 a gallon. That would of been a nice little refund. I could of used that refund to buy more gas.

 

[baxt3r]

I tried to do this a year or so back and was flat out told this was no longer the case in NC unless you are running a commercial fishing business or some other limited business. Maybe they changed it, because I know I go through a metric butt-ton of fuel off-road every year. That would be a great deduction, especially with NC having high fuel tax rates.