Inside MC Online
In accordance with the Montgomery College Travel Policy (65001CP), the standard business mileage reimbursement rate for transportation use of an employee’s personal vehicle is being revised from $0.535 per mile to $0.545 per mile. This new reimbursement rate is effective beginning January 1, 2018. The reimbursement rate was changed to align with the recent Internal Revenue Service (IRS) announcement that increased the standard business mileage reimbursement rate. This announcement may be found on the IRS website at https://www.irs.gov/newsroom/standard-mileage-rates-for-2018-up-from-rates-for-2017. The mileage rate was increased by the IRS based on an annual study of the fixed and variable costs of operating a vehicle. The updated Montgomery College Local Travel Reimbursement Form for 2018 may be found on the Accounts Payable website at: http://cms.montgomerycollege.edu/AccountsPayable. For your convenience, we have attached the College’s local travel mileage chart. If you have any additional questions in regards to employee reimbursements, please forward your concerns to e-mail address: AccountsPayable@montgomerycollege.edu.