Standard Mileage Rate Update
The Internal Revenue Service has advised Temple University that the mileage rate for business use of personal vehicles has been increased to .405 per mile for any mileage incurred on or after Jan. 1, 2005. In addition, the standard mileage rate to use when computing deductible moving expenses has increased to 15 cents per mile. The mileage rate for charitable purposes remains 14 cents per mile. All of the University’s Travel Policies, Procedures and Per Diem Rates are available at www.temple.edu/controller. For more information, call the Travel Reimbursement Center at 204-5278 or 204-5279.