William & Mary

Milage Rate Change, January 1, 2016

Summary

The standard business mileage rate for Travel and Moving and Relocation (M&R) expenses has changed effective January 1st, 2016.

Full Description
The standard business mileage rate for Travel and Moving and Relocation (M&R) expenses has changed.  Beginning on January 1, 2016, the standard mileage rates are:

* 54 cents per mile for business miles driven
* 19 cents per mile driven for moving and relocation purposes

The rates have decreased from the 2015 rates. We will begin to apply this rule for all Travel and M&R with dates commencing on January 1, 2016.