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    DECEMBER 12, 2005
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Announcements

To: ALL Employees

From: Lydia Vasquez, Assistant Director Travel Reimbursement

Date: December 12, 2005

Subject: Standard Mileage Rate Update

The Internal Revenue Service has advised Temple University that the mileage rate for business use of personal vehicles has been decreased to .44.5 per mile for any mileage incurred on or after January 1, 2006.

A temporary increase was put into effect for the final four months of 2005 in response to a sharp increase in gas prices.

The 2006 mileage rates reflect that gas prices have dropped. For the first 8 months of 2005 the rate was 40.5.

However, the standard mileage rate to use when computing deductible moving expenses has increased to 18 cents per mile from 15 cents.

The mileage rate for charitable purposes has not changed and will remain 14 cents per mile.

All of the University's Travel Policies, Procedures and Per Diem Rates are available via the Internet.  

The Web address is http://www.temple.edu/controller

If you have any further questions or if we can be of any further assistance, please call the Travel Reimbursement Center at 1-5278, 1-1263 or 1-5279.

Thank you.

 

 

 


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