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| Monday, October 13, 2008 |
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GIVE Act Includes Provision for Charity Mileage Reimbursement Increase
By jonn @ 9:28 AM :: 154 Views :: Legislative Alerts
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The AFP blog reports that the Giving Incentives to Volunteers Everywhere (GIVE) Act of 2008 includes a proposed increase to the IRS allowed mileage reimbursement rate for charity-related driving. The Act would raise the allowed tax deduction to 27 cents per mile, up from the 14 cents per mile rate that has been constant for the past 10 years, according to Syracuse.com. In addition, the rate would be increased every year if the Act was passed.
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