New Mileage Reimbursement Rate for 2024
Effective January 1, 2024, the mileage reimbursement rate has increased from .655 to .67 cents per mile. This change has been reflected in Stratus. The system will capture and calculate the correct mileage if the correct travel date is used.
Expense Report Due to Rate Change
For trips beginning in December 2023 but ending in January 2024 please create two separate expense items in Stratus. One expense item with the start and end date for December 2023 and another expense item with the start and end date for January 2024.
Submit Mileage Logs Separately
Travelers submitting mileage logs must end their reporting period in December 2023. You must begin a new log for the January 2024 travel dates, so the system picks up the correct mileage rate information.
A reminder to those who submit monthly mileage reimbursements: all dates must match the last day on the employee’s attached mileage logs. Forms not dated correctly will be rejected for correction.
For questions, please contact the Business Travel Office at 410-704-5421 or Travel@towson.edu.
Tags: business travel, mileage, travelCategorised in: General
This post was written by Dimattia, Sara