For purposes of the high-low substantiation method, the per-diem rates are $296 for travel to any high-cost locality and $202 for travel to any other locality within the continental United States (CONUS), both slightly higher than last year. The amount of these rates that is treated as p...
The U.S. Internal Revenue Service updates the rules for determining per-diem rates that businesses can use to reimburse employee expenses for travel after September 2005. Under the simplified method, an employee's ordinary and necessary business expenses for lodging and for meals and incidental ...
Under the “regular federal per diem rate” method, an employer can deduct its employees’ ordinary and necessary business travel, meals and entertainment expenses reimbursed under an accountable plan. Expenses less than or equal to the federal per diem rate should be deducted in an entity’s “...
motel or bed and breakfast due to traveling for work. There isn’t an outlined limit on the duration, but typically lodging per diem rates are only used for a few nights where they’re needed. But, depending on your need for business travel, it could be longer. ...
Two years ago, the IRS provided, inRev. Proc. 2011-47, the general rules for using a federal per diem rate to substantiate the amount of ordinary and necessary expenses for lodging, meals, and incidental costs paid or incurred for business-related travel away from home. Taxpayers using the...
For tax years through 2017, use IRS Form 2106 if you itemize deductions for non-reimbursed work-related expenses such as travel, meals, entertainment or transportation.
IRS updates special per diem rates for 2013–2014 travel expenses