For those employers who have not checked or forgot about the change in mileage reimbursement rates, the IRS announced the optional standard mileage reimbursement rates have changed for 2016. Beginning January 1, 2016, the reimbursement rates have decreased, and are as follows:
- 54 cents per mile for business miles driven (down from 57.5 cents from 2015);
- 19 cents per mile driven for medical or moving purposes (down from 23 cents from 2015); and
- 14 cents per mile driven in service of charitable organizations (remains the same from 2015)
For those employers that use the standard IRS rates for mileage reimbursement, make sure to change your expense reimbursement policies.
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