The IRS announced changes in the standard business mileage rates for calendar year 2011. Beginning January 1, the standard business mileage reimbursement rate for personal vehicle use on approved University business increases from 50 cents to 51 cents per mile. 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.
Read more about the 2011 business mileage rate change on the employee website. Please contact Extension Finance and Planning staff for questions.