New mileage reimbursement rates announced
Posted by Velvet Hasner
Beginning Jan. 1, the university’s mileage reimbursement rate for business miles driven using a personal vehicle is now 50.5 cents per mile. Additionally, the university will reimburse moving mileage at 14 cents per mile. The travel and expense system has been updated and expense reports that include miles driven on or after Jan. 1 will automatically be reimbursed at the new rate. The University of Missouri follows the State of Missouri’s practice of reimbursement for business transportation expenses at a mileage rate that is three cents less than the IRS standard mileage rate.
Posted by Velvet Hasner
