Per Diem 2024 Irs. The irs makes it easy for business travelers by allowing the use of “per diem” rates, which are daily allowances to compensate for lodging, meals and incidental. The irs has released its annual update of special per diem rates for taxpayers to use in substantiating business expenses while traveling away from home.
The irs makes it easy for business travelers by allowing the use of “per diem” rates, which are daily allowances to compensate for lodging, meals and incidental. The special per diem rates that a taxpayer may use in substantiating travel and business expenses under the per diem substantiation method (set out in rev.