For those who travel on business in their cars the reimbursement rate per mile is important. There’s also a reimbursement rate per mile for personally-operated aircraft too.
In June I noticed that the GSA reimbursement rate for personally operated aircraft hadn’t been adjusted since Jan 2006 despite the fuel price increases hitting 100LL too. It still sat at $1.07/mile. The GSA’s been regularly updating the rate for cars. I emailed a request that the GSA review the aircraft rate and gave them the Jan 2006 and June 2008 prices at Leesburg.
I’ve just rechecked and as of August 1, the new rate is $1.26/mile. While it’s not as much of a change as I might have hoped, it is some change at least. So, enjoy our new $0.19/mile increase!
The page listing the new current rates is GSA Privately Owned Vehicle (POV) Mileage Reimbursement Rates. In the past the IRS has followed the GSA rates, but I’m no tax expert so don’t take my word for that.
And a side note, this doesn’t help only the rich. Personally-operated aircraft aren’t usually jets after all. There are many times more single-engine piston aircraft in the US than there are jets. Not all car owners have a late model Porche, Jaguar, or BMW, or Tesla. Very few actually do. Aircraft are the same. Except that older aircraft that are flying are typically better maintained than older cars.