I know the IRS standard milage rate is 48.5 cents per mile for 2007. What I%26#039;m wondering is if I can also reimburse the cost of gas in addition to paying the standard milage rate. E.g, someone drives 100 miles in their own vehicle and spends $22 for gas. Can I reimburse them for the miles in addition to the $22 for gas or does using the standard milage rate not allow this? I read somewhere that gas was not deductible when using the standard milage rate but I was uncertain about the source. If you have a definitive answer I would like to hear it. Thanks.
When reimbursing using the standard milage rate can you reimburse gas too?
No you cannot.
The standard milage rate of $0.485 includes all operating costs including gasoline.
You can either use the standard deduction which is generous and easy; or you can detail all of your costs, spend hours doing so, and save little if any money.
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