Mileage Reimbursement Rate

 

 

Memorandum

TO: Deans, Directors, Department Heads, and Travel Preparers

FROM: Norm Gousy, Interim Controller

DATE: December 22, 2017

SUBJECT: 2018 University Mileage Reimbursement Rate & Travel to Canada and Mexico

The Internal Revenue Service issued Notice 2017-204 outlining the increase for 2018 in the allowable standard mileage rate for employees who use their vehicles for University business from 53.5 cents to 54.5 cents per mile.  In addition, when computing deductible mileage for medical or moving expenses, the new rate increased from 17 cents to 18 cents per mile in 2018.  The rate associated with miles driven in service of charitable organizations remains at 14 cents.  These changes are effective January 1, 2018.

 

Last Updated: 
1/12/18