Lower Reimbursement for Business Use of Your Airplane | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Fri, Jan 17, 2003

Lower Reimbursement for Business Use of Your Airplane

GSA Lowers Mileage Reimbursement Rate

If you are a federal employee, and you use your own airplane for government business, you won't be reimbursed as much as you were in 2002, the GSA says.

In 2002, if you were lucky enough to be flying yourself, you may recall the lusty figure of 97.5¢ per mile traveled; now, that's been reduced to 95.5¢.

The change is due to the IRS's assessment of the per-mile costs of operation. In case you hadn't noticed, flying is cheaper now...

Don't feel bad: if you were riding your motorcycle for government business, you'd be getting just 27.5¢ per mile, as opposed to the more-profligate 28¢ cents paid last year. [Let's see: the IRS thinks it's less than 3 1/2 times as expensive to fly, as to ride. That's realistic, right? Answer: it's as realistic as the rest of the IRS... --ed.]

FMI: www.irs.gov

Advertisement

More News

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Also: SkyReach Parts Support, Piper Service Ctr, Airliner Near-Miss, Airshow London The Judge overseeing Icon's convoluted Chapter 11 process has approved $9 million in Chapter 11 >[...]

ANN's Daily Aero-Term (05.13.24): ILS PRM Approach

ILS PRM Approach An instrument landing system (ILS) approach conducted to parallel runways whose extended centerlines are separated by less than 4,300 feet and at least 3,000 feet >[...]

ANN's Daily Aero-Linx (05.13.24)

Aero Linx: FlyPups FlyPups transports dogs from desperate situations to fosters, no-kill shelters, and fur-ever homes. We deliver trained dogs to veterans for service and companion>[...]

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Also: Skydio Chief, Uncle Sam Sues, Dash 7 magniX, OR UAS Accelerator US Secretary of the Air Force Frank Kendall was given a turn around the patch in the 'X-62A Variable In-flight>[...]

Airborne 05.08.24: Denali Update, Dad-Daughter Gyro, Lake SAIB

Also: NBAA on FAA Reauth, DJI AG Drones, HI Insurance Bill Defeated, SPSA Airtankers The Beechcraft Denali continues moving forward towards certification, having received its FAA T>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC