Flaps on take-off and landing
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.
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