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Mileage Update
The Internal Revenue Service has announced an increase in mileage reimbursement rates for business use of personal vehicles and deductible medical and moving expenses effective for the period of January 1, 2013 through December 31, 2013. As a result, Temple University will increase the milage reimbursement rates to correspond with these changes. The table below outlines the changes in mileage rates.
Mileage Rate Changes
Purpose |
Mileage Rate 7/1/2011 through 12/31/2011 |
Mileage Rate 1/1/2012 through 12/31/2012 |
Mileage Rate 1/1/2013 through 12/31/2013 |
Business Use of Personal Vehicles |
$0.555 |
$0.555 |
$0.565 |
Medical/Moving Expenses |
$0.235 |
$0.23 |
$0.24 |
*The mileage rate for travel commencing between January 1, 2011 and June 30, 2011 was $0.51 per mile.