Local Mileage Reimbursement Rate and How it is Calculated
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First Published :Thu Sep 18 13:01:41 GMT 2014
Last Modified :Thu Aug 15 16:44:13 GMT 2019
Last Published :Thu Aug 15 16:44:13 GMT 2019
Current Mileage Information
Mileage expense incurred for use of personal auto while on university business, i.e., intercampus travel, will be reimbursed at the allowable federal rate as per IRS regulations. Travel on non-business days, such as weekends and holidays, is fully eligible for mileage reimbursement. Mileage is typically calculated from the point of the office, or a net of the total miles driven less the normal round trip daily commute to work for that day. Mileage costs that total less than $50 can be reimbursed via petty cash slip redeemed at the Bursar’s window (or TSS office in Grafton) or by entering an expense report on e-Expense. Those that exceed $50 must be submitted via e-Expense.
The current mileage reimbursement rate for business in 2019 is 58 cents per mile. (In 2018 it was 54.5 per mile).
The rate is determined based on pronouncements from the Internal Revenue Service and the Treasury Department. The rate is intended to cover the cost of operating a personal vehicle for business purposes, and as such, is formulated to take into account the estimated price of gas, automobile insurance and wear-and-tear.The standard mileage rates for the use of a car/van/truck is 20 cents per mile driven for medical or moving purposes. For 2018 it was 18 cents. When using a Tufts owned or rental vehicle the above rates do not apply. You must purchase gas and submit receipts for reimbursement.
Mileage, rate, reimbursement, personal vehicle