|
Posted by Arthur Kamlet on June 8, 2007, 1:21 pm
Please log in for more thread options
>> What is the mileage rate for 501(c)(3) volunteers?
> Mileage rate for charitable activities is 14 cents. This is
> set by Congress, not the IRS, so it can't be changed unless
> Congress changes the law.
>> For overnight travel, I presume mileage and or actual cost
>> of plane, train, or bus is deductible. Correct?
> Yes, you can also use actual cost of gas and oil for your
> car instead of the 14 cents mileage rate.
>> Is lodging deductible for overnight travel that is not a
>> vacation?
> Yes
>> I presume meals are not deductible. Correct?
> No, meals are deductible. Here is a blurb from page 6 of
> Pub. 526, which goes into great detail about what can and
> cannot be deducted as a charitable donation.
>
> Deductible travel expenses. These include:
> * Air, rail, and bus transportation,
> * Out-of-pocket expenses for your car,
> * Taxi fares or other costs of transportation between
> * the airport or station and your hotel,
> * Lodging costs, and
> * The cost of meals.
There seems to be confusion here between the mileage amount
that the charitable organization is allowed to reimburse
volunteers, 48.5c, and the amount that volunteers are
allowed to claim as part of their standard deduction.
Charities that reimburse mileage to volunteers can
reimburse up to the maximum 48.5 rate, and that is a
separate situation from volunteers who wish to
increase their standard deduction.
You can ask the charity to see their "Accountable Plan"
Rules for reimbursing volunteers' mileage, and I'll
take bets right now that it will reflect exactly what is
being described here.
Just as an aside and not directly related to this question,
the IRS has the authority to adjust mileage for business
(including the business of a charity), for medical and
moving, but Congress retained the right to set the
charitable mileage.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>
|