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IRS gas tax break: who qualifies and how to maximise it as prices near $4
๐Ÿ“ˆ Business

IRS gas tax break: who qualifies and how to maximise it as prices near $4

Some fuel-industry experts warn that US petrol prices could return to $4 per gallon soon. The IRS offers a tax deduction on gas costs for those who use their vehicle for business, medical, charitable or moving purposes. The amount deductible per mile varies by category, and careful mileage tracking is essential to maximise the benefit.

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