GSA has announced the mileage rate for Privately Owned vehicles for the calendar year 2024. This is an essential update for employees, self-employed, and independent contractors as they can cut their mileage expenses through the GAS mileage reimbursement.Â
GSA Mileage Rate 2024
If you are going to do some transport activities related to your business, then you can cut your expense of mileage through the GAS mileage rate. GSA mileage rate is effective from January 1, 2024, to all driving, the rate table is given below, which the users will use for their reimbursement calculation.
| Mode of Transportation | Rate per mile |
| Airplane | $1.76 |
| Motorcycle | $0.65 |
| If the government-furnished automobile is not available or has the authorization to use POVÂ | $0.67 |
| If the government-furnished automobile is available or for relocation | $0.21 |
Under the introduced rates, GSA has decided the per mile for the airplane that is privately owned is one dollar 76 cents per mile.
For motorcycle taxpayers, the rate per mile for 2024 is set at 65 cents.Â
If the government-furnished automobile is not available for transportation and an individual is using privately owned vehicles then the GSA has set 67 cents as a rate per mile.
If the person is relocating, then the standard mileage rate for that is 21 cents per mile, the same as the rates for using a government-furnished automobile for transportation.
 GSA has notified that airplane nautical miles before submitting a voucher should be converted into statute miles (SMs) or regular miles.
The conversion formula for converting Nautical miles into statute miles is:
- Â 1NM = 1.15077845 SMs
The GSA has raised the standard mileage rate for 2024 from 1.5 cents as compared to 65.5 cents for 2023.Â
Date of expiration GSA mileage rateÂ
Under the FSIS notice issued on the 4th of January this year, the mileage reimbursement rates for 2024 are introduced.Â
The General Service Agency (GSA) has kept 01 Jan as the effecting date for the GAS mileage rates, hence, the expiration date for the mileage reimbursement rates will be 1 Jan of the next year.
| Issue Date | 04 Jan, 24 |
| Effecting/ Applicability date | 01 Jan, 24 |
| Expiration Date | 01 Jan, 25 |
Who can apply for GSA mileage rates?
The federal government provides a reimbursement rate to allow easy computing for businesses. The federal employees will be reimbursed for privately owned vehicles, motorcycles, and aircraft while on official temporary duty.
The mileage reimbursement is applicable when you use your privately owned vehicle for business purposes.
Expenses allowed in GSA mileage rateÂ
For POV following expenses are allowed:
- Parking fees,Â
- Ferry fees
- Bridge road
- Tunnel fees
For aircraft:
- Airplane parking
- Airplane landing
- Tie-down fees
The things that are non-reimbursable are:
- Repair charges
- Replacements
- Grease oil
- Antifreeze
- Depreciation
- Fuel insurance
- State and federal taxes
- Towage and similar expenses
How to get mileage reimbursement?
According to the Federal travel regulation, the eligible person can calculate his mileage reimbursement by multiplying the distance traveled by the rates.Â
The computation method for the reimbursement is determined under § 301-10.302.
For employees:
- Employees are eligible to get mileage reimbursement from their employers when they travel for business purposes. Though it is not law-bound, sometimes state laws suggest the employees provide reimbursement.
- So, to get your reimbursement you will need to provide a record of your mileage, with information on every business trip from date to destination and all.
- So, it’s better if you keep a record of your mileage accurately to later use it for reimbursement.
For self-employed people:
- You can use the standard reimbursement rate to calculate your mileage reimbursement if you travel by privately owned vehicle for business purposes.
- Self-employed persons can claim their mileage deduction by submitting proof of business miles.Â
Every year GSA sets the mileage rates for people to get reimbursement to ease the load of mileage expenses from the citizens. So, enjoy these save-on-your-pocket people by keeping a record of your mileage.