#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

How much can I save with the fuel tax credit?

Your credit will be based on the number of eligible gallons of fuel you purchased multiplied by a specific rate. Your rate will depend on the type of fuel and your specific nontaxable use.

For example, if you purchased 1,000 gallons of gasoline for use on a farm for farming purposes, your rate is $0.183, which would net you a credit of $183. If, however, you purchased undyed diesel for the same purpose, your rate and credit would be $0.243 and $243, respectively.

 

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