2011 BUSINESS MILEAGE RATE CHANGE

The IRS announced changes in the standard business mileage rates for calendar year 2011. Beginning January 1, 2011, the standard business mileage reimbursement rate for personal vehicle use on approved University business increases from 50 cents to 51 cents per mile. See the Rates section of U of MN policy Traveling on University Business. The standard mileage rate for moving expenses increases from 16.5 to 19 cents per mile. Business mileage incurred in 2010 but reimbursed in 2011 should be reimbursed using the 2010 mileage rate. The Employee Expense Worksheet (UM 1612) accommodates changes to the mileage rates.

About this Entry

This page contains a single entry by Jennifer R. Thissen published on December 8, 2010 2:05 PM.

ATTENTION: INTERSECTIONS USERS was the previous entry in this blog.

ACADEMIC CALENDAR IS NOW IN GOOGLE is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Weekly Archives

Pages

Powered by Movable Type 4.31-en

Archives