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What rate is used for mileage reimbursement?

April 26, 2017mileage rate Reimbursement Used

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What rate is used for mileage reimbursement?

2 Answers

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The standard business mileage rate, as established bu the IRS, is 50 cents per mile. Reimbursement for personal automobile mileage is $.04 per mile less than the standard business mileage rate per mile when electing to use your personal vehicle instead of a University-provided (rental) vehicle.

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The standard business mileage rate, as established bu the IRS, is 50.5 cents per mile. Reimbursement for personal automobile mileage is $.04 per mile less than the standard business mileage rate per mile when electing to use your personal vehicle instead of a University-provided (rental) vehicle.