The General Services Administration (GSA) has announced new mileage reimbursement rates for privately owned vehicles like automobiles, airplanes, and motorcycles. These rates are applied to travel and relocation activities occurring from January 1, 2021, to December 31, 2021. The reimbursement rates are based on the rates set by the IRS for medical or moving purposes and are adjusted through GSA's independent reviews, considering factors such as fuel costs and vehicle maintenance. More details can be found in FTR Bulletin 21-03 on the GSA website.
Simple Explanation
The government is telling people about new rules for paying back money spent when driving their own cars or flying planes for work trips. These rules help decide how much money people can get back based on the costs of things like gas.