Mileage reimbursement rate change effective September 1, 2016

Effective September 1, 2016 Cambridge will be changing the mileage reimbursement rate to $0.54 per mile from $.575 per mile in accordance with the federal reimbursement rate for 2016.

Information regarding these rates can be found here:  https://www.irs.gov/tax-professionals/standard-mileage-rates/

Mileage rates typically change each year and we expect another rate change in early 2017.

Contact your property supervisor with any questions you might have.

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