Increased Tax Deduction for Volunteer Drivers' Charitable Mileage.
This bill aims to increase the tax deduction available to individuals who use their personal vehicles to transport people or property for charitable organizations. The current low fixed rate will be raised to match the standard mileage rate used for business travel. This change allows volunteer drivers to deduct significantly more expenses, reducing their tax burden and supporting charitable efforts.
Key points
The tax deduction rate for charitable mileage will be increased for volunteers transporting people or property.
The new rate will be equal to the standard business travel mileage rate, which is substantially higher than the current 14 cents per mile.
These changes apply to tax years beginning after December 31, 2024.
Status:
Introduced
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