Tax Benefit of Volunteering

January 20, 2021

Yet another tax benefit of helping others. You can deduct miles traveled! ⠀

If you itemize your deductions, you can deduct your volunteer miles as well as your contributions to qualified charitable organizations!!⠀

This includes driving to drop off a donation, or driving to volunteer at a homeless shelter, for example. ⠀

Track your miles for your volunteer work and let your accountant know. The standard rate for volunteer miles is $.14 per mile for tax year 2020.⠀

Air travel may also count if the trip had no significant element of personal pleasure, recreation, or vacation in the travel.

Disclaimer: For informational purposes only. Not Tax or Legal advice.