If a fuel is used for another purpose, it may be considered a nontaxable use of the fuel. Taxpayers paying excise taxes on fuels used for nontaxable purposes may claim credits or refunds for any excise taxes paid. The following uses of fuels are considered nontaxable for excise tax purposes see Table of Publication , Excise Taxes Including Fuel Tax Credits and Refunds , or the instructions for Form for a complete list of nontaxable uses :.
Credits against fuel excise taxes: Sec. Alcohol fuel mixture credit: Sec. The credit equals 45 cents per gallon of alcohol used 60 cents if the mixture does not contain ethanol.
The alcohol fuel mixture credit expired on Dec. Biodiesel mixture credit: The biodiesel mixture credit under Sec. Alternative fuel mixture credit: The alternative fuel mixture credit under Sec. The alternative fuel credit: Representing the only Sec. The taxpayer must sell or use the alternative fuel as fuel in motor vehicles, motorboats, or aviation to claim the credit. The credit is 50 cents per gallon of alternative fuel sold or used and, similar to the alternative fuel mixture credit, requires the taxpayer to be registered with the IRS as an alternative fueler.
The alternative fuel credit expired on Dec. In the context of alternative fuels, the general rule contained in Sec. Income tax credits: If a taxpayer is not eligible for, or does not timely file an allowable claim for, payment under Sec.
The Sec. Note: If a taxpayer receives a payment under Sec. This amount, and any civil penalties imposed by Sec. Similarly, if a taxpayer claims an income tax credit on Form for a mixture for which it was allowed a credit under Sec. Editor Notes. Business meal deductions after the TCJA. This article discusses the history of the deduction of business meal expenses and the new rules under the TCJA and the regulations and provides a framework for documenting and substantiating the deduction.
This article discusses some procedural and administrative quirks that have emerged with the new tax legislative, regulatory, and procedural guidance related to COVID Toggle search Toggle navigation. Excise Taxes The federal excise taxes, tax credits, and exemptions for various types of fuel constitute a terribly confusing area of the tax law, involving several Internal Revenue Code sections and overlapping provisions.
This item is intended to provide clarity as to how these various provisions interact and to clear up much of the confusion faced by taxpayers and advisers alike when attempting to claim these tax credits.
The U. Online Form Registration Status Check. This web application provides the ability for businesses to confirm whether individuals or companies have a valid IRS registration. The Environmental Protection Agency's list of devices that reduce highway tractor idling is now available.
These devices may be exempt from the percent retail excise tax provided they meet the criteria set forth in section 9 of the Internal Revenue Code. Excise Tax e-file for Forms , and Excise Tax Forms and Publications. More In File. Why sign in to the Community? Submit a question Check your notifications Sign in to the Community or Sign in to TurboTax and start working on your taxes. Enter a search word. Turn off suggestions. Enter a user name or rank.
Turn on suggestions. Showing results for. Search instead for. An excise tax isn't deductible if it's for a personal expense. You can deduct as a business expense excise taxes that are ordinary and necessary expenses of carrying on your trade or business.
Taxes on gasoline, diesel fuel, and other motor fuels that you use in your business are usually included as part of the cost of the fuel.
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