IRS Announces Simplified "High-Low" Per Diem Rates For FY 2011; Slight Decline From 2010

Abstract

In Rev. Proc. 2010-39, the IRS has issued its annual update of the simplified per them rates that taxpayers can use to reimburse employees for lodging, meals and incidental expenses incurred during business travel after September 30, 2010. The simplified high-low per diems have decreased to $233 for high-cost localities and to $160 for all other localities, a decline from $258 and $163 respectively.