Finance News
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New IRS Mileage Rates and Google Maps in Workday
Beginning January 1, 2026, the Internal Revenue Service (IRS) has increased the standard mileage rate from 70 cents per mile to 72.5 cents per mile for business-related travel. For mileage driven since January 1, 2026, the new Google Maps feature in Workday should be used. Be sure to select the expense item, ’Mileage – Employee_Effective…
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New Expense-Related Policies
Payment Services is excited to announce important changes to the following policies and procedures effective Jan. 1, 2025: We encourage all faculty, staff, and students who expend University funds to review these updated policies, procedures, and manuals. Key changes include shorter documentation deadlines for expense transactions, a new PCard infraction structure, and an increased no-receipt…
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Mileage Rate Increase
Beginning January 1, 2024, the Internal Revenue Service (IRS) has increased the standard mileage rate from 65.5 cents per mile to 0.67 cents per mile. The University will adopt this new rate effective January 1, for all employee business-related travel. The standard mileage rate will be updated in Workday for your convenience. To ensure the correct mileage rate is used for expense…
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