IRS Notice: Travel Per Diem Rates for 2022-2023 (IRC §274)

Per diem rates used to substantiate amounts of ordinary and necessary business expenses incurred while traveling away from home for 2022-2023 announced Sept. 26. Specifically: (1) the special transportation industry meal and incidental expenses rates (M&IE rates); (2) the rate for the incidental expenses only deduction; and (3) the rates and list of high-cost localities for purposes of the high-low substantiation method. The transportation industry special rates are $69 for any locality of travel in the continental United States (CONUS) and $74 for any locality of travel outside the continental United States (OCONUS). For purposes of the high-low substantiation method, ...