Tag Archives: Mileage Rate

2024 Mileage Reimbursement Rate

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 January 1, 2024:

      • The standard mileage rate has increased from 65.5 cents per mile to 67 cents per mile.
      • Miles driven for moving purposes will be reimbursed at 21 cents per mile, decreased from 22 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 financeconnect@sjsu.edu.

2023 Mileage Reimbursement Rate

The mileage rate in FTS was updated on April 11, 2023 to the current IRS mileage rate. The mileage rate for business travel occurring on or after January 1, 2023:

  • The standard mileage rate was increased from 62.5 cents to 65.5 cents.
  • Miles driven for moving purposes will be reimbursed at 22 cents per mile.

Employees who were reimbursed for mileage prior to the FTS update were reimbursed the difference and notified of the additional payment.

If there are any questions, please contact financeconnect@sjsu.edu .

Mileage Reimbursement Rate Effective July 1, 2022

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 financeconnect@sjsu.edu.