The CSU adjusted 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 July 1, 2022:
- The standard mileage rate has increased to 62.5 cents per mile for
business travel, an increase from 58.5 cents per mile.
- Miles driven for moving purposes will be reimbursed at 22 cents per mile, increased from 18 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 email@example.com.