The CSU will be adjusting its mileage reimbursement rates to reflect the new IRS rates. The mileage rate changes are as follows and apply to business travel occurring on or after January 1, 2017:
- The standard mileage rate will decrease from 54 cents per mile to 53.5 cents per mile.
- Miles driven for moving purposes will be reimbursed at 17 cents per mile, decreased from 19 cents per mile.
The FTS Travel module reflects the standard mileage rate appropriate to the date(s) the mileage was incurred. If you have any questions, please contact FinanceConnect at ext. 4-1558 or firstname.lastname@example.org .