Mileage reimbursement rates change Jan. 1

UC's mileage reimbursement rates for expenses incurred in connection with the business use of a private automobile will change in accordance with the Internal Revenue Service standard mileage rates published in IRS Notice 2024-08.

The following new rates are effective for expenses incurred on or after Jan. 1, 2024:

• The reimbursement rate for the use of a private automobile for university business travel will increase from 65.5 cents a mile to 67 cents a mile.

• The reimbursement rate for driving an automobile in connection with a move or relocation will decrease by 1 cent to 21 cents per mile. (Note that reimbursements for moving-related expenses, including mileage, are considered taxable wage income as of Jan. 1, 2018). 

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