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1. • Excess will be taxable to the employee

     • It’s important to note that employees don’t have to stick to the per diem rate. They can pay more or less than the federal per diem rate. However, if an employer pays more than the federal per diem rate, the excess will be taxable to the employee.
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     IRS Announces 2023-2024 Per Diem Rates For Taxpayers Who ...

2. www.irs.gov · pub · irs-regsPer Diem Rates - Internal Revenue Service

   www.irs.gov · pub · irs-regs

   

   What if the combined rate I pay my employees is less than the federal per diem rate? There are two ways for the employer to handle these payments. Choose one method and be consistent.

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3. People also ask

   Does will have to pay per diem?

   • Will’s expense report only includes the total cost of his expenses with no details. If his employer reimburses him, the payment will be taxable to Will. He has not substantiated the amount, time, date, place and business purpose of the expenses. 7. Do I have to pay the federal per diem rate? You can pay more or less than the federal per diem rate.

   Per Diem Rates - Internal Revenue Service

   www.irs.gov/pub/irs-regs/per_diem_faq_&_a_v1.pdf

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   Can an employer pay more than the federal per diem rate?

   • It’s important to note that employees don’t have to stick to the per diem rate. They can pay more or less than the federal per diem rate. However, if an employer pays more than the federal per diem rate, the excess will be taxable to the employee. What about self-employed taxpayers?

   IRS Announces 2024-2025 Per Diem Rates For Taxpayers Who Travel Fo…

   www.forbes.com/sites/kellyphillipserb/2024/09/26/irs-announces-2024-2025-per-diem-rates-for-taxpayers-who-travel-for-business/

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   Are employees really “due” per diem?

   • Fun fact: Employees are never really “due” per diem. There’s no federal law from the Fair Labor Standards Act (FLSA) or Department of Labor requiring employers to offer per diem for business-related travel expenses. But employers must reimburse these travel expenses in some way (we’ll discuss per diem alternatives later).

   Per Diem Employee Rights: Everything Employers Need to Know - Hote…

   www.hotelengine.com/business-travel-guide/per-diem-employee-rights

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   How do businesses pay per diem?

   • While most businesses use the per diem rates set by the GSA, they can use alternative reimbursement methods. For example, employers can use the IRS high-low method, which establishes one flat rate per diem for high-cost locations (e.g., New York, Chicago, and the District of Columbia), and one flat rate for all other locations.

   Per Diem Rates by Location, How Taxes Work, and Pros and Cons

   www.investopedia.com/articles/personal-finance/093014/understanding-diem.asp

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4. www.forbes.com · sites · kellyphillipserbIRS Announces 2024-2025 Per Diem Rates For Taxpayers Who ...

   www.forbes.com · sites · kellyphillipserb

   

   1 day ago · Employees. A per diem rate can be used by an employer to reimburse employees for combined lodging and meal costs, or meal costs alone. ... They can pay more or less than the federal per diem rate ...

5. www.gsa.gov · travel · plan-a-tripFrequently asked questions, per diem - GSA

   www.gsa.gov · travel · plan-a-trip

   

   Aug 12, 2024 · It is the traveler’s responsibility to know the federal per diem reimbursement rates, and should not assume a GOV rate is the same as the federal per diem rate. See the FTR Chapter 301, Subpart D-Actual Expense and follow your agency’s guidelines.

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7. www.hotelengine.com · per-diem-employee-rightsPer Diem Employee Rights: Everything Employers Need to Know ...

   www.hotelengine.com · per-diem-employee-rights

   

   Dec 3, 2021 · There’s no federal law from the Fair Labor Standards Act (FLSA)or Department of Labor requiring employers to offer per diem for business-related travel expenses. But employers must reimburse these travel expenses in some way (we’ll discuss per diem alternatives later).

8. www.payscale.com · compensation-trends · per-diem-payWhat is per diem pay? A complete guide for employers - Payscale

   www.payscale.com · compensation-trends · per-diem-pay

   

   Oct 25, 2023 · As a basic rule of thumb, per diem payments are taxable if the amount exceeds the GSA’s federal rate (unless the employee returns the excess amount to their employer).

9. www.investopedia.com · understanding-diemPer Diem Rates by Location, How Taxes Work, and Pros and Cons

   www.investopedia.com · understanding-diem

   

   Aug 5, 2024 · Payment is more than the allowable federal per diem rate; You did not file an expense report with your employer

10. www.indeed.com · pay-salary · travel-per-diemEverything You Need to Know About Travel Per Diem Rates - Indeed

    www.indeed.com · pay-salary · travel-per-diem

    

    Jun 28, 2024 · Your company may have a per diem policy, but your expenses may also be tax-deductible according to federal per diem rates. If you have never traveled for work before, research the per diem rates with your company and the federal government for the area where you’re traveling as they vary by destination.