2015 Business Mileage Reimbursement Rates
For business travel on or after January 1, 2015, the Internal Revenue Service has announced that the standard mileage rate for business miles driven will be 57.5 cents per mile, which is up from the 56.0 cents rate in effect for 2014.
In addition, the standard rate for miles driven on or after January 1, 2015, for moving or medical purposes, will be 23.0 cents per mile, down from 23.5 cents per mile which was in effect for 2014.
The rate for providing services to charitable organizations remains at 14 cents per mile in 2015.
When using a personal vehicle for authorized business travel on or after January 1, 2015, all Drexel University and Academy of Natural Sciences of Drexel University employees will be reimbursed at 57.5 cents per mile. Please note that business mileage does not include your normal commute to and from work. When business travel originates from your home, subtract your “normal round-trip” commuting miles from the total miles associated with the trip.
Finally, when using a personal vehicle for an approved relocation, employees will be reimbursed at 23.0 cents per mile for travel on or after January 1, 2015.
Please access the 2015 travel forms incorporating the new rates at http://www.drexel.edu/depts/compt/ap/. Should you have questions, please contact Nicholas Borrelli, Director of Accounts Payable, at (215) 895-1212 or firstname.lastname@example.org.