Mileage Reimbursement Rate Information

In compliance with the Stevens Institute of Technology Business and Travel Expense Policy, there are maximum reimbursement rates that will be paid by the University for the business use of a personal vehicle.  Mileage reimbursement rates are dependent on the date and purpose for the business travel, as well as the source of the funding.  The rates set by the IRS (Internal Revenue Service) and those approved by the GSA (U.S. General Services Administration) are not always the same rates.

Please utilize the rates shown in the table below when completing a TABER form (Travel and Business Expense Report):

Non-Sponsored Funds – IRS Standard Mileage Rates

 

Travel prior to 12/31/14

Travel on or after 1/1/15**

Business Purpose

                Rate per mile driven

      Rate per mile driven

moving/relocation purposes

23.5 cents

23 cents

business miles driven

(car, van, pickup, panel truck, motorcycle)

56 cents

57.5 cents

**Due to the current downward trend in gasoline prices, we anticipate rate decreases in the coming months.  Please check this page periodically.

 

Sponsored Funds – GSA Privately Owned Vehicle (POV) Mileage Reimbursement Rates:

 

Travel prior to 12/31/14

Travel on or after 1/1/15**

Business Purpose

                Rate per mile driven          

     Rate per mile driven

moving/relocation purposes

23.5 cents

23 cents

business miles driven

(car, van, pickup, panel truck)

56 cents

57.5 cents

business miles driven - motorcycle

53 cents

54.5 cents

**Due to the current downward trend in gasoline prices, we anticipate rate decreases in the coming months.  Please check this page periodically.

 

For additional information please contact Accounts Payable at ap@stevens.edu or call 201-216-5192.

 

Other Resources:

For Help with:

  • Payment and Reimbursement policies and procedures contact AP … ap@stevens.edu or call 201-216-5192
  • Completing a TABER form contact the Voucher Auditor … ap@stevens.edu or call 201-216-5192
  • Preparing or processing a DV or payment request in Kuali … kualisupport@stevens.edu or call 201-216-8000