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$59 to $79
- Rates for the meals and incidental expenses (M&IE) per diem tiers remain unchanged from 2023’s $59 to $79. The standard M&IE rate also remains unchanged at $59.
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Apr 11, 2024 · For M&IE rates greater than $265, allocate 15%, 25%, and 40% of the total to breakfast, lunch, and dinner, respectively. The remainder is the incidental expense allowance. Last updated: Apr 11, 2024. M&IE Breakdown (fiscal year is dependent on whether the previous FY breakdown rates have changed).
May 3, 2024 · Per diem rates Rates are set by fiscal year, effective Oct. 1 each year. Find current rates in the continental United States, or CONUS rates, by searching below with city and state or ZIP code, or by clicking on the map, or use the new per diem tool to calculate trip allowances .
9. What are Meal & Incidental Expenses (M & IE)? The per diem rate for M&IE includes the following items: • All meals, • Room service, • Laundry, dry cleaning, and pressing of clothing, and • Fees and tips for persons who provide services, such as food servers and luggage handlers. Return to top 10.
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Notice 2022-44. SECTION 1. PURPOSE. This annual notice provides the 2022-2023 special per diem rates for taxpayers to. use in substantiating the amount of ordinary and necessary business expenses incurred. while traveling away from home, specifically (1) the special transportation industry meal.
Per diem is a daily allowance given to an employee to cover business travel expenses such as lodging, meals and incidentals while traveling for the company. This reimbursement method simplifies the process for both the employer and the employee, eliminating the need for receipts for each expense incurred. What is the origin of the term “per diem”?
Sep 9, 2021 · Beginning October 1, 2021, the high-low per diem rate that can be used for lodging, meals, and incidental expenses increases to $296 (from $292) for travel to high-cost locations and increases to $202 (from $198) for travel to other locations.
