The IRS recently announced new standard mileage rates when using a personal vehicle for business reasons.  Rates are based on the fixed and variable costs of operating a vehicle.

Mileage Rate Change for Travel on or after January 1, 2013

Effective for travel on or after January 1, 2013, the privately owned vehicle mileage rate will change from 55.5 cents per mile to 56.5 cents per mile.

As always, this mileage rate is subject to the 'Drive V Fly' policy found at:  http://www.purdue.edu/business/travel/Transportation/Car/privatecar.html#drivevsfly

Mileage Rate for State Travel

The mileage rate for employees traveling on Sponsored Program Grant funds from the State of Indiana will continue to be paid at 44 cents per mile.

Visit:  http://www.purdue.edu/travel/Transportation/statefundedtravel.html#mileage

Kami K. Copas

Birck Business Office

kcopas@purdue.edu

Phone #:  (765) 494-2682

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