July 24, 2008
Bill Would Raise Rate for Volunteers' Car Use
Congress is considering legislation that would increase the tax deduction for people who use their automobiles as part of their volunteer work for charities.
Under federal law, volunteers who drive their cars for charitable purposes may deduct 14 cents a mile for their car costs (or be reimbursed by a charity at that rate without the payment being subject to federal income tax). Some members of Congress say that rate is too low, particularly as gas prices have reached more than $4 per
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