This bill would increase the tax deduction that volunteers can claim for driving on behalf of charitable organizations. Currently, volunteers can deduct 14 cents per mile when donating their time and vehicles to charities, while business travelers can deduct a higher mileage rate set by the IRS (which fluctuates annually based on fuel costs). The bill aims to equalize these rates by requiring that the charitable mileage deduction match the standard business mileage rate, meaning volunteers would receive a higher deduction for their donated driving services. The change would take effect for tax years beginning after December 31, 2024, and would primarily benefit volunteer drivers who donate transportation services to qualifying charitable organizations. The legislation contains no specific funding allocation, as it operates through the tax code rather than direct spending.
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