Margy Natalie wrote in
m:

Marty Shapiro wrote:
Mxsmanic wrote in
:


Marty Shapiro writes:


The IRS allows 47.5 cents/mile as the cost to operate a car if its
use is tax deductible.

You use IRS figures for the car, but not for the plane. How much
does the IRS allow for operating a plane instead of a car?



I've never found a direct answer for the IRS allowance for private
air travel. Whenever I rent an aircraft for an Angel Flight, I get
to deduct the entire cost of the rental.


Found the Federal reimbursements.

Margy




For use of a Your reimbursement is

§301-10.266 Is information available to the public about travel on
Government aircraft by senior Federal officials and non-Federal
travelers?


Privately owned aircraft
(e.g., helicopter, except an airplane).


Actual cost of operation
(i.e., fuel, oil, plus the additional expenses listed in §301-10.304).

Yes, an agency that authorizes travel on Government air- craft and an
agency that owns or hires Government aircraft must make records about
travelers on those aircraft available to the public in response to
written requests under the Free- dom of Information Act (5 U.S.C.
552), except for portions

Privately owned airplane. 1 1.07
Privately owned automobile. 1 0.405
Privately owned motorcycle. 1 0.305

1 Per mile.


Thanks!

--
Marty Shapiro
Silicon Rallye Inc.

(remove SPAMNOT to email me)