Mileage Reimbursement Rate
The 2016 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 decreased to 54 cents per mile effective January 1, 2016. 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, 2015 through December 31, 2015 remain at 57.5 cents per mile.
Should you have questions concerning the above, please do not hesitate to contact our office at 914-923-2898.
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