On December 31st, the IRS announced that the mileage reimbursement rate for 2020 is going down, effective January 1, 2020.
The new rate is now $0.575, down from $0.580. When the IRS lowers the reimbursable mileage amount, UVM lowers its reimbursement rate at the same time.
Please use the $0.580 reimbursement rate for applicable travel that occurred up to and on 12/31/19.
Please use the $0.575 reimbursement rate for all applicable travel occurring on 1/1/20 and beyond.
These changes have been made in PeopleSoft and in applicable forms. As always, please use the most current version of any form, located on our website. If your department has developed mileage reimbursement forms, please update to the new rate.