Mileage Reimbursements
The Texas Mileage Guide is no longer accepted for mileage documentation starting 1/1/10, it must be documented point to point with either an odometer log or an electronic mapping service printout preferably Mapquest.
How It Works
Mileage Rate Changes Effective July 1, 2011
According to the
Internal Revenue Service Announcement 2011-40, issued June 23, 2011, the standard mileage rates for the use of a car (including vans, pickups, or panel trucks) has changed. The new rates for travel occurring
on or after July 1, 2011 are:
- 55.5 cents per mile for business miles driven
- 23.5 cents per mile driven for medical or moving purposes
This modification results from recent increases in the price of fuel. The rates are slightly higher than those for January 1 to June 30, 2011 and reflect transportation costs (gasoline being a significant factor in the mileage rate, as well as other fixed and variable costs, such as depreciation). The new rate for business miles compares to a rate of 51 cents per mile for travel dates January 1 through June 30, 2011. The rate for medical and moving purposes compares to 19 cents for travel dates January 1 through June 30, 2011.
Note: The rate of reimbursement is affected by the travel date, not the reimbursement date.
The VP5 travel payment voucher will automatically calculate the mileage reimbursement rate based on travel dates.
Please direct all questions to Marcia Boling, oa.mboling@austin.utexas.edu or 471-7821, or Cynthia Roberts, oa.croberts@austin.utexas.edu or 475-7144.
Links
Announcement: Increased Mileage Reimbursement Rates Effective July 1, 2011
IRS Announces 2011 Standard Mileage Rates
Mapquest
Contact
Contact
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Please direct comments on the Procedures Guide to cola_comments@utlists.utexas.edu.
Last Modified: 11 July 2011
