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Business Office Updates

2014 IRS Mileage Rate

December 17, 2013 at 7:06 am
By hgreenwo

Kalamazoo College strongly encourages staff to make every effort to use College or rented vehicles for official business.  When personal vehicles must be used for College business, employees are reimbursed based on the IRS recommended business mileage rate. Effective January 1, 2014, the College’s  business mileage reimbursement rate will  be modified to align with the recently revised IRS rate.  The rate will be decreased from 56.5 cents per mile to 56 cents per mile. The business mileage reimbursement rate is established by the IRS based on a study of the fixed and variable costs of operating an automobile.

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