Loyola University Chicago

Financial Services

Mileage Reimbursement Rates

 Rates in cents per mile
Effective DatesBusinessMoving*
Jan 1, 2024 thru Dec 31, 2024 67 21
Jan 1, 2023 thru Dec 31, 2023 65.5 22
Jul 1, 2022 thru Dec 31, 2022 62.5 22
Jan 1, 2022 thru Jun 30, 2022 58.5 18
Jan 1, 2021 thru Dec 31, 2021 56 16
Jan 1, 2020 thru Dec 31, 2020 57.5 17
Jan 1, 2019 thru Dec 31, 2019 58 20
Jan 1, 2018 thru Dec 31, 2018 54.5 18
* Note that under the Tax Cuts and Jobs Act, taxpayers cannot claim a deduction for moving expenses, except members of the Armed Forces on active duty moving under orders to a permanent change of station. For more details, see IRS Notice 2020-05.