New Standard Mileage Rate for Personal Autos Effective 1/1

01/10/2025
By Sharon-Anne Mapes

Pursuant to Board of Trustee Policy T92-031 (Appendix B), I am hereby notifying you of the new Standard Mileage Rate increase effective Jan. 1, 2025. Under this policy, the University Treasurer shall set rates at the levels established by the Internal Revenue Service (IRS).

The Internal Revenue Service issued Notice 2025-05 on Dec. 19, outlining the increase for 2025 in the allowable standard mileage rate for employees who use their vehicles for university business from 67 cents to 70 cents per mile (up 3 cents from 2024). The deductible mileage for medical and military moving expense remained unchanged at 21 cents per mile for 2025. The rate associated with miles driven in service of charitable organizations remains at 14 cents (permanently set by statue at 14 cents). These changes are effective Jan. 1, 2025.

This information can also be found on the Travel Policy page.