The irs issued its annual replace friday of unique per-diem fees for substantiating everyday and important commercial enterprise charges incurred at the same time as journeying far from domestic (word 2021-52).
The new prices are in impact from oct. 1, 2021, to sept. 30, 2022. Mainly, they may be the unique per-diem rates, consisting of the transportation industry meal and incidental expenses quotes; the charge for the incidental-fees-only deduction; and the fees and listing of excessive-fee localities for purposes of the high-low substantiation technique.
The up to date costs are powerful for according to-diem allowances paid to any employee on or after oct. 1, 2021, for travel away from domestic on or after that date, and supersede the quotes in be aware 2020-seventy one, which supplied the charges for oct. 1, 2020, via sept. 30, 2021.
Rev. Proc. 2019-forty eight furnished trendy regulations for using a federal in line with-diem charge to confirm the amount of regular and essential prices for accommodations, meals, and incidental charges paid or incurred for commercial enterprise-related tour far from domestic.
High-low substantiation method
For functions of the excessive-low substantiation technique, the in line with-diem prices are $296 for travel to any high-price locality and $202 for travel to another locality in the continental u.S. (conus), both barely better than ultimate 12 months.
The amount of these charges this is treated as paid for food for functions of sec. 274(n) is $seventy four for travel to a high-price locality and $64 for journey to another locality inside conus, both additionally barely higher than remaining 12 months.
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The awareness carries a listing of the localities which can be excessive-fee localities (localities that have a federal in line with-diem price of $249 or extra, $4 better than final yr) for all or a part of the calendar yr.
Incidental prices
On account that 2012, incidental costs have protected simplest costs and guidelines given to porters, bags vendors, resort personnel, and group of workers on ships. The per-diem price for the incidental-expenses-most effective deduction stays unchanged at $five consistent with day for any locality of journey.
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Transportation enterprise
The unique meals and incidental prices rates for taxpayers in the transportation industry are $sixty nine for any locality of journey inside conus and $seventy four for any locality of tour outside conus, each $three greater than remaining year.
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