Category: Per Diem Rates

IRS 2023-2024 Special Per Diem Rates

2023-2024 Special Per Diem Rates This annual notice provides the 2023-2024 special per diem rates for taxpayers touse in substantiating the amount of ordinary and necessary business expenses incurredwhile traveling away from home, specifically...

Reimbursing Employees for Travel Expenses

Complete Guide to Reimbursing Employees for Travel Expenses

When an employee travels away from the office and incurs expenses, the company should reimburse them. Whether travelling across the world or just driving their car to a client’s location, getting the reimbursement right...

IRS Rules for Using a Per Diem Rates – TCJA

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also: Part I, §§ 62, 67, 162, 267, 274; 1.62-2, 1.162-17, 1.267(a)-1, 1.274-5, 1.274-5T.) Rev. Proc....