Mileage Reimbursement Rate
The 2018 standard mileage rates have been published by the Internal Revenue Service (IRS). The standard mileage rate employees may receive as non-taxable reimbursements, for miles driven on behalf of their employers, has increased to 54.5 cents per mile effective January 1, 2018. Pace University’s policy for mileage reimbursement follows Federal guidelines, therefore, in the event the IRS announces standard rate changes throughout the calendar year, our policy, website, and T&E systems will reflect said changes.
Reimbursements to employees for business use of personal automobiles from January 1, 2017 through December 31, 2017 remain at 53.5 cents per mile.
Please contact Regina Beatty at x22855 if you have any questions.