Irs Business Per Diem 2022

Taxpayers can use these rates to substantiate the amount of expenses for lodging meals and incidental expenses when traveling away from home. This consists of 222 for lodging and 74 for meals and incidental expenses. The per diem rates in lieu of the rates described in Notice 2020-71 the meal and incidental expenses only substantiation method are 74 for travel to any high-cost locality and 64 for travel to any other locality within the continental US. For all other areas within the continental United States the per diem rate is 202 for travel after September 30 2021 138 for lodging and 64 for meals and incidental expenses.

Irs Announces Updated Per Diem Rates For 2021 2022 Doeren Mayhew Cpas

The IRS announced the fiscal 2022 per diem rates Notice 2021-52 that became effective October 1 2021.

Irs Business Per Diem 2022. Special transportation industry meal and incidental expenses MIE rates increase. Since business travelers have a lot of expenses to log hotels meals etc the IRS allows employers to pay employees per diem rates or daily allowances to compensate for meals lodging and incidental expenses includes fees and tips paid to porters baggage carriers hotel staff and ship staff. The IRS issued its annual update Friday of special per-diem rates for substantiating ordinary and necessary business expenses incurred while traveling away from home Notice 2021-52.

Specifically the per-diem rates issued include the transportation industry meal and incidental expenses rates. The special MIE rates for taxpayers in the transportation industry increase to 69 for any. An official website of the United States government.

For companies that classify per diem as a company expense rather than wages the regulations have changed for 2021 and 2022. The amount of the 296 high rate and 202 low rate thats treated as paid for meals is 74 for travel to any. For purposes of the high-low substantiation method the per diem rates in lieu of the rates in the earlier Notice 2020-71 the per diem substantiation method are 296 for travel to any high-cost locality and 202 for travel to any other locality within the continental US.

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