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Increased Tax Deduction for Volunteer Mileage

This act amends the Internal Revenue Code of 1986 to increase the charitable mileage rate. This allows volunteers using their personal vehicles to deduct higher amounts from their taxes based on the new rates established by the bill.
Key points
For 2022 and 2023, the charitable mileage rate is set to match the standard business mileage rate (under sections 162 and 212).
Starting in 2024, the rate is fixed at 24 cents per mile.
For years beginning after 2024, this 24-cent rate will be adjusted annually for inflation.
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Additional Information
Print number: 117_HR_8265
Sponsor: Rep. Craig, Angie [D-MN-2]
Process start date: 2022-07-01