IRS Announces Per Diem Rates For Post-September 30 Travel

Abstract

The IRS has released the simplified per diem rates that taxpayers can use to reimburse employees for expenses incurred during travel after Sep 30, 2014. The high-cost area per diem increases from $251 to $259 and the low-cost area per diem increases from $170 to $172, the IRS reported. The IRS provides optional per diem allowances, in lieu of substantiating actual travel-related meal and lodging costs, which employers and employees are deemed to have substantiated by adequate records or other sufficient evidence. The IRS explained in Rev. Proc. 2011-47 that the term "incidental expenses" has the same meaning as in the federal travel regs.