502V: Use of Vehicle for Charitable Purposes (2024)
Maryland · Comptroller of Maryland · Used for tax years 2024
Maryland Form 502V calculates the subtraction for vehicle expenses incurred while providing qualifying charitable services in 2024. It reports mileage, reimbursements, and charitable vehicle expenses claimed as an itemized deduction on your Maryland return. Attach it to your tax
Who files this form
Use Form 502V to calculate the Maryland subtraction for unreimbursed automobile travel expenses incurred while volunteering for:
- A nonprofit volunteer fire company.
- Another organization qualified under Section 170 of the Internal Revenue Code whose principal purpose or function is providing medical, health, or nutritional care.
The form also allows a subtraction for unreimbursed vehicle expenses incurred while providing assistance, other than transportation, to individuals with disabilities as defined in Section 190 of the Internal Revenue Code who are enrolled as students in Maryland community colleges.
What you'll need
Have the following information ready:
- Your name and Social Security number, and your spouse’s information if applicable.
- The qualifying organization’s name.
- Total qualifying mileage from January 1 through December 31, 2024.
- Reimbursements received for that mileage.
- Any charitable vehicle expense amount claimed as an itemized deduction on your Maryland return.
The form says to maintain appropriate documentation for your mileage, including travel from home, travel while performing the service, and the return trip home.
How to file
Complete Form 502V and attach it to your tax return. Use blue or black ink only.
- Enter your total qualifying 2024 mileage on Line 1.
- Multiply Line 1 by $0.67 and enter the result on Line 2.
- Enter mileage reimbursements on Line 3.
- Enter the charitable vehicle expense amount included as an itemized deduction on your Maryland return on Line 4.
- Add Lines 3 and 4 and enter the total on Line 5.
- Subtract Line 5 from Line 2. Enter the result on Line 6 and on Line q of Form 502SU or Form 505SU.
The supplied text does not give a mailing address or e-filing instructions.
Common mistakes
- Not reducing the mileage amount by reimbursements received for charitable travel.
- Not reducing the amount by charitable vehicle expenses claimed as an itemized deduction on your Maryland return.
- Leaving out qualifying travel from home or the return trip home when totaling mileage.
- Failing to maintain appropriate documentation.
- Forgetting to attach Form 502V to your tax return.
- Using ink other than blue or black.
Questions people ask
What mileage rate applies for 2024?
The rate is 67 cents per mile for qualifying travel from January 1 through December 31, 2024. The amount must be reduced by reimbursements and any charitable vehicle expenses claimed as an itemized deduction on your Maryland return.
Does mileage between home and the volunteer service count?
Yes. Line 1 should include mileage traveled from home, while performing the service, and returning home.
Does providing transportation to students with disabilities qualify under the student-assistance provision?
No. That provision covers assistance other than transportation to qualifying individuals enrolled as students in Maryland community colleges.
Where can I get more information?
Visit marylandtaxes.gov, email TAXHELP@marylandtaxes.gov, or call 1-800-638-2937 or 410-260-7980.