2017 Mileage Reimbursement Rate
IRS sets the 2017 standard mileage rate at 53.5 cents.
The Internal Revenue Service has announced the standard mileage reimbursement rate has decreased by one half cent, from 54 cents in 2016 to 53.5 cents per mile effective January 1, 2017. Accordingly, Southwestern University’s standard mileage rate will also be 53.5 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 2017 mileage rate here.
Jennifer Martinka, CPA