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2014 Mileage Reimbursement Rate

2014 Mileage Reimbursement Rate

The Internal Revenue Service has announced the standard mileage reimbursement rate has decreased by one half of one cent to 56 cents per mile effective January 1, 2014.  Accordingly, Southwestern University‚Äôs standard mileage rate will also be 56 cents per mile effective the same date.  This rate applies to reimbursement for all approved travel in personally owned vehicles.

You can find an updated travel expense report with the 2014 mileage rate at the following link:

http://www.southwestern.edu/businessoffice/payable.php

 

Thanks,

Jennifer Martinka, CPA

Assistant Controller

Southwestern University

(512) 863-1290