Stewardship and Finance

IRS Releases 2013 Standard Mileage Rates

The Internal Revenue Service today issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: •   56.5 cents per mile for business miles driven •   24 cents per mile driven for medical or moving purposes •   14 cents per mile driven in service of charitable ...

Lawsuit Brings Attention to Church Donor Acknowledgements

Churches throughout North Georgia and across the country thank and recognize their donors regularly--both as an act of Christian stewardship and so that the giver is eligible for an IRS charitable deduction. A recent court case brought by Christian donors against the IRS has called attention to the fact that not all church acknowledgements meet IRS guidelines. To make sure your church is in full compliance, the Georgia United Methodist Foundation shares the following article on its website: “...

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