Published January 11, 2018
The IRS announced the 2018 standard mileage rate for business use of a personal vehicle, which is based on an annual study of the costs of operating an automobile.
The new rate for business miles driven for travel taking place on or after January 1, 2018, is 54.5 cents per mile, an increase from 53.5 cents for 2017.
The travel office will automatically adjust any travel vouchers received for travel taking place in 2018 that has the 2017 rate and will email a scanned copy of the revised voucher to the individual identified on the voucher as the travel preparer.
Some travel expenses are not reimburseable. See examples of non-reimburseable expenses.
Make photocopies of all your travel documents in case of emergency or if your documents are lost or stolen, such as:
• Passport ID page
• Foreign visa
• Hotel confirmation
• Airline ticket
• Driver's license
When the employee is:
• Engaged in official university business
• At a distance of more than 35 miles from the designated official station and place of residence