The Secret Link Between High Gas Prices and Lower Taxes

Many of us remember the days when gas cost under $2 per gallon—hey, some of us even remember when it was under $1! Needless to say, times have changed. Today, the lowest gas price you’re likely to find at any pump in the United States is just over $3.

The USA has the third highest number of vehicles per capita, falling behind tiny countries San Marino and Monaco, so the amount of money we spend to power those vehicles is an astronomical figure. But did you ever think there might be an upside to spending more money on gas? We’re here to tell you there is!

Need to track mileage for tax deductions or reimbursement? Check out the new Shoeboxed Receipt Tracker app!

Read our latest infographic below to find the secret link between high gas prices and lower taxes.

More fantastically helpful guides on the Shoeboxed blog:

• The Ultimate Receipt Organization & Management Resource
• 5 Best Ways to Store Your Business Cards
• Tax Audit Prep: The Absolutely Non-Scary Guide
• A Definitive Guide to Commonly Missed Small Business Tax Write-offs

About Shoeboxed!

Shoeboxed supports multiple methods for receipt capture: send, scan, upload, forward, and more!

You can stuff your receipts into one of our Magic Envelopes (prepaid postage in the US). Use our Shoeboxed app to snap a picture while on the go. Auto-import receipts from Gmail. Or forward a receipt to your designated Shoeboxed email account.

Turn your receipts into data and deductibles with our expense reports that include IRS-accepted receipt images.

Join over 1 million businesses scanning & organizing receipts, creating expense reports and more—with Shoeboxed.

Try Shoeboxed today!