Per Diem Rates Archives - Bailey Scarano

IRS Updates Per Diem Rates for Travel Expenses

Bailey Scarano Blog / By Bonnie Buol Ruszczyk

If you travel for work, take note: The IRS recently released Notice 2023-68, which has significant implications for those who frequently travel for business or work-related purposes. Understanding IRS Notice 2023-68 Recognizing the impact of inflation on everyday expenses, especially for travelers, the IRS has adjusted its special per diem rates for the fiscal year […]

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IRS Updates Per Diem Rates

If you travel for business, you will likely have expenses to write off in one of two ways: recording actual expenses (with back-up receipts) or using per diem rates established by the IRS. Starting October 1, 2021, new per diem rates will go into effect for taxpayers to substantiate the amount of “ordinary and necessary”