IRS issues 2016–2017 special per-diem rates for travel and lodging

indexBusiness travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating expenses, starting Oct. 1.  The IRS on Tuesday provided the 2016–2017 special per-diem rates, including the transportation industry meal and incidental expenses rates, the rate for the incidental-expenses-only deduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method.

The updated rates are effective for per-diem allowances paid to any employee on or after Oct. 1, 2016, for travel away from home on or after that date, and supersede the rates in Notice 2015-63, which provided the rates for Oct. 1, 2015, through Sept. 30, 2016.

Per-diems are fixed amounts to be used for lodging, meals, and incidental expenses when travelling on official business. Federal per diem rates are set by the General Services Administration (GSA) and are used by all government employees, as well as many private-sector employees who travel for their companies.

For more information click on the link below:

http://www.gsa.gov/portal/content/104877

 

 

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