Bill > S1177

This bill proposes to update the tax code to increase the charitable mileage rate, which is the amount volunteers can deduct from their taxes for miles driven while performing charitable work. Currently, the rate is fixed at 14 cents per mile, which has remained unchanged for many years. The bill would modify the Internal Revenue Code to set the charitable mileage rate at a level no less than the standard business mileage rate determined by the Internal Revenue Service (IRS). This means volunteers who use their personal vehicles for charitable purposes, such as driving for nonprofit organizations, food banks, or other community service activities, would be able to claim a more competitive tax deduction that better reflects the actual cost of driving. The changes would take effect for taxable years starting after December 31, 2024, providing volunteers with a more financially appreciative approach to recognizing their community service and out-of-pocket expenses.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1177/all-info