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GSA Reduces Mileage Reimbursement for Personal Vehicles

In a recently issued update to travel policy , the General Services Administration noted a decrease in mileage reimbursement for privately owned vehicles.

Federal employees who use their own cars for the purpose of business travel will see a reduction in the mileage rate drop for the second year in a row. In 2016, the mileage reimbursement rate for privately owned cars was 54 center per mile, but in 2017, that number will drop to 53.5 cents per mile. This is a four cent reduction from where rates stood in 2015, when reimbursement for mileage on a personal vehicle was 57.5 cents per mile.

The release follows the Internal Revenue Service’s (IRS) issuance of the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

A complete list of reimbursement rates can be found on GSA's website

 

 

Image: Pexels

Posted in General News

Tags: GSA

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