Tuesday, July 26, 2011

Traveling for Charity

Meals and entertainment expenses can be deducted 100% if related to charitable travel. The 50% business related deduction does not apply. The IRS can disallow if there is a significant element of personal pleasure in the travel. You can deduct car expenses at a standard mileage rate of 14 cents per mile which is statutory rate that hasn't changed for years.

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