|by Roger Chartier
Charity miles deduction for 2017
Our dear IRS calls it a mileage allowance so we refer to it either way here.
Charity miles driven in 2017 were given the allowance of 14 cents per mile. This is the same as in 2016 - last year.
It is really a little money
The miles add up, and there is no good reason not to get the deduction if you are already going for the mileage allowance anyway.
You do have to keep track of the mileage from the trips, and the IRS wants them to be recorded around the time that you are driving the miles.
So for any trips that you will use the miles for a deduction, you should print the free mileage log on this site.
The IRS won't let you just guessAnd fill it all in at the end of the year. They want it to be exact.
Take into consideration the miles for a trip from your town to a city for charity purposes that qualify for the allowance.
If you travel once a week, and it is 40 miles from home the round trip is 80 miles.
The charity mileage rate allowance would give you a worthwhile deduction per trip of $11.20.
If you make the trip once a week for 10 weeks, you could take a ten times larger charitable mileage deduction of $112.00.
We have discussed on the home page whether or not to choose the method for a tax allowance.