Next year’s reimbursement rates have been revealed by GSA.
When government employees use a personally owned vehicle for federal business, and no government-owned vehicle was available, they can receive a reimbursement for fuel. The current year’s rate is 65 and a half cents per mile, up from 62 and half cents per mile in the previous year.
Unlike the gas reimbursement rates, the per diem rates are not released in January but in the summer, before the new fiscal year begins on October 1st and the new rates go into effect. The per diem rate for FY 2024 will be $9 more than last year’s, going from $157 allowed per day to $166. Reimbursements for lodging will be capped at $107 per day while the limit for meals and incidental purchases (tips) component will be unchanged at $59 per day.
The above reimbursement rates are for the majority of about 2600 counties in the continental US, except for 305 counties considered non-standard areas. There are special rates for those individual locations. 16 counties that had a special rate last year were moved back to the standard rate, including Baltimore and Frederick counties in Maryland. Huntsville, AL and Charles Town, WV were made non-standard areas after previously having the standard rate.
—-
Until Next Time,
The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Serving Those Who Serve writers and not necessarily those of RJFS or Raymond James. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy suggested. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment or financial decision. Prior to making an investment decision, please consult with your financial advisor about your individual situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. **
The FedLife Podcast is your in-depth, biweekly deep dive into the world of federal benefits and retirement planning. Hosted by federal benefits expert Ed Zurndorfer and Dan Sipe of Serving Those Who Serve, each 30-minute episode unpacks the complexities of FERS and CSRS retirement, FEHB and Medicare, survivor benefits, tax planning, and more. Designed for federal employees and retirees who want more than just the basics, FedLife goes beyond the headlines to explore the rules, nuances, and strategies that can make a meaningful difference in your retirement. Remember: it’s your Fed life, make it a great one.
The Fed15 Podcast is your weekly 15(ish)-minute briefing on federal benefits and financial planning, built specifically for federal employees and retirees. Hosted by Dan Sipe and Katelyn Murray of Serving Those Who Serve, each episode delivers clear, actionable guidance on topics like FERS and CSRS retirement, TSP strategies, FEHB, survivor benefits, tax planning, and more! Whether you’re five years from retirement or already there, The Fed15 helps you cut through the noise, avoid costly mistakes, and make confident decisions about your federal benefits.
