Showing posts with label 14 cents per mile. Show all posts
Showing posts with label 14 cents per mile. Show all posts

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.