Gsa Mileage Rate 2024 Per Mile. The irs bumped up the optional mileage rate to 67 cents a mile in 2024 for business use, up from 65.5 cents for 2023. On january 1, 2024, the gsa announced that the mileage reimbursement rate will increase from 65.5 cents per mile to 67 cents per mile effective january 1, 2024.
The new rate is set at 65.5 cents per mile, an adjustment from the previous year’s rate, reflecting changes in operational costs, such as fuel prices and vehicle. Vehicle rates are based on a monthly lease and mileage charge, which includes all maintenance and fuel expenses.
The Gsa Has Raised The Standard Mileage Rate For 2024 From 1.5 Cents As Compared To 65.5 Cents For 2023.
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This Represents A 1.5 Cent Increase From The 2023 Rate Of 65.5 Cents Per Mile.
Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024.
Gsa Mileage Rate 2024 Per Mile Images References :
Gsa Establishes The Rates That Federal Agencies Use To Reimburse Their Employees For Lodging And Meals And Incidental Expenses Incurred While.
The new rate is up from 65.5.
Effective January 1, 2024, The Internal Revenue Service (Irs) Increased The Optional Standard Mileage Rate For Business To 67 Cents Per Mile.
* airplane nautical miles (nms) should be converted into statute miles (sms) or regular miles when submitting a voucher using the formula (1 nm equals 1.15077945.