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Increased Tax Deductions for Volunteer Drivers

This act increases the tax deduction for using a personal car for charitable purposes, aligning it with the business travel rate. This means individuals who help others using their own vehicle will be able to deduct more money for miles driven, potentially encouraging greater volunteer involvement.
Key points
Increased mileage deduction for volunteers: Starting in 2022, the per-mile rate for charitable purposes will match the business travel rate.
Greater savings for volunteers: Individuals assisting others with their car will be able to deduct more from their taxes, reducing their financial burden.
Automatic rate adjustment: After 2024, the rate will be automatically adjusted for inflation to maintain its real value.
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Additional Information
Print number: 117_S_4691
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2022-08-01