In the News
Tax Deductions Available for Mentors
It’s that time of year again to begin calculating and filing your federal income tax.
Mentors are entitled to the following tax deductions:
- You may deduct $.14 cents per mile incurred in picking up and driving the mentee around.
- You may also deduct the cost of meals, movie tickets, museum admissions, etc. which you spend for the mentee. However, you cannot deduct the costs you incur for your own meals, tickets. etc.
You must maintain adequate records to support your deduction. Please consult your tax advisor.
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