December 20, 2016 | Category: Announcement
TO: Tufts Community
FROM: Richard Doolin, TSS
For calendar year 2017, the mileage reimbursement rate will be decreasing to 53.5 cents per mile. The rate is determined based on pronouncements from the Internal Revenue Service and the Treasury Department. The rate is intended to cover the cost of operating a personal vehicle for business purposes, and as such, is formulated to take into account the estimated price of gas, automobile insurance and wear-and-tear. As a reminder, any mileage for 2016 travel should use the applicable rate of 54 cents per mile.