Federal pov mileage rate 2016
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Federal pov mileage rate 2016

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  privately owned vehicle (pov) mileage reimbursement rates. Effectiveapplicability date rate per mile airplane january 1, 2020 1. 27 if use of privately owned automobile is authorized or if no government-furnished automobile is available january 1, 2020 0.   previous automobile rates effective date rate per mile january 1, 2019 0. Notice of ftr bulletin 16-02, calendar year (cy) 2016 privately owned vehicle (pov) mileage reimbursement rates and standard mileage rate for moving purposes (relocation allowances). Summary the general services administration (gsa) uses the single standard mileage rate established by the internal revenue service (irs) as the mileage rate for. 1) standard mileage rate is used for travel in a personally owned automobile (poa) when a government owned vehicle is not available or not in the governments best interest. For travel farther than 400 miles, you must use commercial air-travel. Ir-2016-169, december 13, 2016 washington the internal revenue service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. You can use the federal mileage rates 2016 to take a tax deduction on your returns. Calculating your deduction is simple multiply your miles by the applicable rate. 2017 privately owned vehicle (pov) mileage reimbursement rates 2017 standard mileage rate for moving purposes, 95614 2016-31264 download as pdf 95614 federal register vol. 249 wednesday, december 28, 2016 notices board of governors of the federal reserve system, december 22, 2016. The following table summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. Start preamble agency office of government-wide policy (ogp), general services administration (gsa). Action notice of federal travel regulation (ftr) bulletin 17-02, calendar year (cy) 2017 privately owned vehicle (pov) mileage reimbursement rates and standard mileage rate for moving purposes (relocation allowances). It requires the employee to provide an invoice to document the price paid for fuel used on state travel, and reimbursement will be calculated using 15 mpg. If fuel is provided by the state, only the dry rate times mileage is used to determine the total reimbursement.

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