Flaps on take-off and landing

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?

--
Transpose mxsmanic and gmail to reach me by e-mail.

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.

--
Marty Shapiro
Silicon Rallye Inc.

(remove SPAMNOT to email me)

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.

I found a University (California I think) that allows 44.5 cents for
cars, 99.5 for personal aircraft. I think this is close to federal.

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.

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)

On Mon, 18 Sep 2006 22:50:27 -0400, Margy Natalie
wrote:

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 private use of non federal aircraft when I was looking into some
commuting they had several "it depends".

If I were flying my plane to a seminar held for the company I worked
for it wasn't a lot more than cars and back then that wasn't much.
OTOH IF I rented I could deduct the entire cost as long as it didn't
exceed a non discount coach class airfare between the same two
locations.

If I were self employed and using my own plane (consulting) it was
actual cost not to exceed the non discount coach class airfare.
That makes the TBM-700 a bit rich for traveling between sites with
just one person.

The Deb can come just shy of the non discount airfare.
With two in it I'm way ahead of the game.

OTOH the company I worked for prohibited employees flying their own
airplanes on company business. I took a lot of vacations the day
before and the day after a number of schools and seminars. Still,
when I retired they owed me over 90 days of vacation.
Roger Halstead (K8RI & ARRL life member)
(N833R, S# CD-2 Worlds oldest Debonair)
www.rogerhalstead.com