Posted: 12/2/2008 11:36:45 AM

New Mileage Rate-1/1/2009

Effective January 1, 2009 the Internal Revenue Service has lowered its mileage reimbursement rate from 58.5 to 55 cents per mile. The lower rate will apply when privately owned vehicles are driven for official Radford University business as noted below. The mileage reimbursement rate for privately owned vehicles will be as follows: Trips averaging 150 miles or less per day, or when an Enterprise Rental car was requested but not available, will be reimbursed at 55 cents per mile. Trips averaging more than 150 miles will continue to be reimbursed at 24.6 cents per mile. If an employee travels more than 15,000 miles per year in a privately owned vehicle, reimbursement will continue to be 13 cents per mile. If you have travel related questions, please contact Accounts Payable at 831- 7616 or 831-7614.