Maximize Oil & gas tax savings with Instead

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Oil & gas deduction

Drill into tax savings. Maximize deductions for both tangible and intangible drilling costs.

Energy drilling site showing equipment, surveys, and contract labor categorized for tax deductions.

Maximize your Oil and gas tax deductions

Instead helps you identify and calculate eligible deductions from your oil and gas investments, potentially saving you thousands in taxes.

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Tangible drilling costs

Deduct the depreciation of physical equipment over 7 years.

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Intangible drilling cost (IDC)

Visualize and calculate your contributions while factoring in tax implications for all your investment accounts.

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Tax chart showing growth from IRS forms 1040 and Schedule C, highlighting rising business deductions.

AI-powered investment analysis

Get a detailed breakdown of deductions for each oil and gas investment in your portfolio.

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Tax credit breakdown chart showing deductions and a 46% increase in tax savings from last year.

File your Oil and gas deduction on your return with confidence

Stay informed with real-time updates on your tangible vs. intangible breakdowns, IDC election documentation, and deductions across investments. Instead ensures you're on track for claiming tax deductions.

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Construction worker reviewing tax forms showing $11,532 in savings through eligible deductions.

Tax positions for businesses and individuals

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Clean vehicle

Businesses and Individuals can receive a tax credit for purchasing new eco-friendly vehicles. Individuals may also qualify on used eco-friendly vehicles.

Travel expenses

Businesses can deduct necessary travel expenses, like airfare and lodging, directly related to operations for tax savings.

R&D tax credit

Fuel your venture's growth and innovation with the R&D tax credit. Not just for tech firms or big corporations.