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1. Preheat oven to 350 degrees and line your muffin tin with cupcake liners.
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2. Combine oil, eggs, sugar, pumpkin and vanilla until smooth.
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3. In a separate bowl, combine flour, baking soda, baking powder, salt, cinnamon and nutmeg. Add to wet ingredients and stir just until combined.
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4. Fill cupcake liners 3/4 full and bake for 18-25 minutes or until an inserted knife comes out clean.
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5. Let cool.
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6. Cream Cheese Frosting: Beat cream cheese and butter until smooth. Add vanilla extract and slowly add powdered sugar until your reach your desired consistency.