IRS lowers mileage reimbursement rates
Effective Jan. 1, 2020, the university's mileage reimbursement rates for expenses incurred in connection with the business use of a private automobile will decrease in accordance with the Internal Revenue Service standard mileage rates published in IRS Notice 2019-215.
- The reimbursement rate for the use of a private automobile for university business travel will decrease from 58 cents per mile to 57. 5 cents per mile.
- The reimbursement rate for driving an automobile in connection with a move or relocation will decrease from 20 cents per mile to 17 cents per mile.
The mileage calculator in AggieTravel has been adjusted to reflect the new rate.