Bill > HR1582

This bill proposes to amend the Internal Revenue Code to equalize the charitable mileage reimbursement rate with the business travel rate for tax purposes. Currently, volunteers who use their personal vehicles for charitable organizations are reimbursed at a fixed rate of 14 cents per mile, which is significantly lower than the standard business mileage rate. The legislation would require the Internal Revenue Service (IRS) to set the charitable mileage rate at a level no lower than the standard mileage rate used for business travel expenses. This change would provide greater financial recognition and support for volunteers who use their personal vehicles to support charitable organizations, potentially making volunteer work more financially feasible and attractive. The proposed amendment would take effect for taxable years beginning after December 31, 2024, giving taxpayers and organizations time to prepare for the new reimbursement rate. By aligning charitable mileage rates more closely with business travel rates, the bill aims to better compensate and incentivize volunteer drivers who contribute their time and resources to charitable causes.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1582/all-info