IRS Increases Mileage Reimbursement Rates for 2011

| June 28, 2011

From Curt Vehlewald, director for Accounting:

The Internal Revenue Service has announced a midyear increase in the business mileage reimbursement rate to 55.5 cents a mile for the final six months of 2011.  The rate increase has been adopted for use by University employees and is effective beginning July 1, 2011, through Dec. 31, 2011.

This increase is not retroactive to the beginning of the 2011 tax year; therefore, the rate will remain at 51 cents a mile for miles travelled from Jan. 1, 2011 to June 30, 2011.

Category: Employee News

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