News
ShareIRS revises business mileage for 2009
01/01/09
The Internal Revenue Service has announced a revised business mileage rate for 2009. Therefore, University employees who use their personal vehicles for University business will be reimbursed at the new rate of 55 cents per mile. This new rate is effective for mileage incurred beginning January 1, 2009. The University will also follow the revised IRS rate of 24 cents per mile for moving expense reimbursements. Remember that the IRS and the University require appropriate documentation for all business expenses. For mileage, this includes the date, beginning and ending destination, number of miles and business purpose. Also note that the IRS considers the miles between home and work commuting miles and therefore not business mileage. Call X-3199 if you have questions. You can find the updated Business & Travel Report under Operational Business Forms.
