The special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel away from home will be slightly higher starting Saturday, Oct. 1.
The IRS' annual update includes the per diem rate under the high-low substantiation method for travel within the continental U.S., which for non-high-cost localities will be $204.
The rate for travel to high-cost localities within the continental U.S., listed in Notice 2022-44, is $297.
The notice also revises the list of high-cost localities for the upcoming new annual period for which the new rates are in effect. High-cost localities have a federal per-diem rate of $250 or more. Read more.