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Monday, October 25, 2010

Volunteer Mileage Rate for Tax Deduction

Lots of my friends do volunteer work.  If you are a volunteer who drives in connection with that work, you might be able to deduct mileage expense on your tax return.  If you itemize your deductions, you can include a mileage deduction in the charitable contributions section of Schedule A.  The deductible amount is 14 cents per charitable mile.  (Not much, but hey, every little bit helps, right?) You should document the mileage in writing (number of miles, dates, what purpose) in case you are ever audited.  You should ask a tax advisor if you have any questions. 
Feel free to contact me for more information.

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