January 13, 2016

New Mileage Rate as of 02/01/16

As of February 1st, 2016, the rate used to calculate reimbursement for using your personal vehicle while on college business will be $0.54 per mile.

For miles driven beginning February 1st, 2016,  the College will pay a standard rate of $0.54 (54 cents) per mile.

This is the current rate published by the IRS.  The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.

Mileage is to be based on the most direct route. The College does not reimburse employees for commuting between home and campus.