Loyola University Chicago

Financial Services

Mileage Reimbursement Rates

 Rates in cents per mile
Effective DatesBusinessMoving*
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
Jan 1, 2017 thru Dec 31, 2017 53.5 17
Jan 1, 2016 thru Dec 31, 2016 54 19
* 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.