Effective 1/1/16, the CSU adjusted its mileage reimbursement rates to reflect the new IRS rates. The mileage rate changes for business travel occurring on or after January 1, 2016 are as follows:
- The standard mileage rate has decreased to 54 cents per mile from 57.5 cents per mile.
- Miles driven for moving purposes will be reimbursed at 19 cents per mile, down from 23 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 .