The Department of Financial Services supports the Medical School's mission of achieving national distinction in health sciences education, research and public service. We encourage you to get to know us and would like to take this opportunity to tell you about our services.

The Internal Revenue Service issued Notice 2025-05 on December 19th, outlining the increase for 2025 in the allowable standard mileage rate for employees who use their vehicles for University business from 67 cents to 70 cents per mile (up 3 cents from 2024). The deductible mileage for medical and military moving expense remained unchanged at 21 cents per mile for 2025. The rate associated with miles driven in service of charitable organizations remains at 14 cents (permanently set by statue at 14 cents). These changes are effective January 1, 2025.

 The University must take the appropriate steps to ensure compliance immediately.

Mileage Rate Changes