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Is gas mileage reimbursement tax deductible?

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Is gas mileage reimbursement tax deductible?

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If you are self-employed or own a business then gas mileage is tax deductible for any miles driven for business purposes. As of tax year 2009 the standard rate of deduction is 55 cents per mile, including gas mileage and cumulative vehicle maintenance. Alternately, you may deduct the actual cost of gas if you do an itemized deduction.

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