The Internal Revenue Service has released Notice 2014-79 http://www.irs.gov/pub/irs-drop/n-14-79.pdf, announcing the 2015 standard mileage rates. Effective for mileage incurred after December 31, 2014, the rates are as follows:
Effective January 1, 2015, the reimbursement rate for in-state mileage changed from 56.0 cents per mile (for travel prior to January 1, 2015) to 57.5 cents per mile (for travel on or after January 1, 2015).
Policy 515.4 Travel Employees, Privately Owned Transportation will be updated.
The Accounting Office website and Travel Expense Vouchers have been updated to reflect the changes. Please be sure to select the correct voucher, dependent upon dates of travel.
If you have any questions, please contact the Accounting Office at 231-7432.