A new program that gives donors free mileage could be a boon for charities and charities’ bottom lines.
It could also increase the amount of money a charity can collect, according to a report released Wednesday.
The American Institute for Philanthropy found that charities can now collect more mileage for a charity if the donor gets paid for the miles.
In the past, charities had to pay charity mileage tax on all of their expenses, said Lisa Perna, director of the charity miles program.
But that didn’t happen until a program called the Charity Mile program was created in 2013.
Under the program, people can get a $25 credit if they give the charity a $20 donation.
Then they can deduct the mileage from their tax return.
This is called a “free” donation.
The more miles donated, the less they have to pay the IRS, which would otherwise have to collect the remaining $40 for tax purposes.
And the IRS says it is reviewing the program to determine if it is legal.
“While there may be some unintended consequences from this change, we believe that it is in the public interest for the IRS to take this opportunity to review the program and determine whether it will continue to work as it has so far,” IRS spokeswoman Stephanie Kudler said in a statement.
That review is expected to be completed this year.
The IRS says charities have been using mileage credits for years to reduce the amount they have been paying tax on.
There are now about 1,500 charities in the IRS system.
Perna said the charity mileage program has helped charities and their supporters reduce the taxes they have paid to the IRS.
We know that we’re giving back to our communities, and that has a positive impact on the economy, Pernas said.
“It’s really exciting,” she said.
I think that the American Institute will be reviewing this program in the coming months.
We will be looking at how this program will work for charities as it relates to tax planning.