2015 Mileage Reimbursement Rate
2015 Calendar Year Mileage Reimbursement Rate increased to 57.5 cents per mile.
The Internal Revenue Service has announced the standard mileage reimbursement rate has increased by one and one half cents, from 56 cents in 2014 to 57.5 cents per mile effective January 1, 2015. Accordingly, Southwestern University’s standard mileage rate will also be 57.5 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 2015 mileage rate at the following link:
Jennifer Martinka, CPA