Question

Taxpayers may also deduct the cost of transportation for charitable purposes. When taxpayers use their personal vehicle for charitable transportation purposes, they are allowed to deduct a standard mileage allowance for each mile driven (14 cents per mile for 2018). Taxpayers are NOT allowed to deduct the value of the services they provide for charities. What is the standard mileage allowance for each mile driven for charitable transportation purposes in 2018?

1) 14 cents
2) 10 cents
3) 20 cents
4) 5 cents

Answer 1

The standard mileage allowance for each mile driven for charitable transportation purposes in 2018 is 14 cents per mile.

Step-by-step explanation:

The standard mileage allowance for each mile driven for charitable transportation purposes in 2018 is 14 cents per mile.