Mileage Reimbursement Rate
The 2013 standard mileage rates have beenpublished 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, will increase to 56.5 cents per mile effective January 1, 2013. 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 and website will reflect said changes.
Reimbursements to employees for business use of personal automobiles from January 1, 2012 through December 31, 2012 remain at 55.5 cents per mile.
Should you have questions concerning the above, please contact the Payroll Department at 914-923-2898.
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