Published December 14, 2018
The IRS announced the 2019 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, 2019, is 58 cents per mile, an increase from 54.5 cents for 2018.
The 2019 mileage rate will automatically show in the travel and expense reimbursement system (Concur) effective Jan. 1, 2019.
For non-employee and guest reimbursements, the travel office will adjust any paper travel vouchers received for travel taking place in 2019 that has the 2018 rate. They will email a scanned copy of the revised voucher to the individual identified on the voucher as the travel preparer.