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This annual notice provides the 2022-2023 special per diem rates for taxpayers to use in substantiating the amount of ordinary and necessary business expenses incurred
30 mar 2022 · For tax purposes, the IRS set the per diem rate for truckers in the continental U.S. at $69 per day from October 1, 2021 through September 30, 2022. This is an increase of $3 from the previous per diem rate that expired on September 30, 2021.
You can choose to use the rates from the 2022 fiscal year per diem tables or the rates from the 2023 fiscal year tables, but you must consistently use the same tables for all travel you are reporting on your income tax return for the year.
5 paź 2020 · Read on to find out how the per diem for truck drivers has changed as well as new tax laws for truck drivers in 2022. 2022 Truck Driver Per Diem. As of October 1, 2021, the per diem for truck drivers increased $3. This takes the daily rate from $66 to $69 for drivers within the continental United States. Outside of the continental U.S., the ...
Truck driver per diem pay is an Internal Revenue Service (IRS) reimbursement designed to cover meal and incidental expenses incurred by drivers while they are away from home. It gives drivers more take-home pay because fewer taxes are withheld.
The per diem rates in lieu of the rates described in Notice 2020-71 (the meal and incidental expenses only substantiation method) are $74 for travel to any high-cost locality and $64 for travel to any other locality within CONUS.
12 lis 2021 · IRS Publishes 2024 Trucker Per Diem Rates (September 25, 2023) Standard Deduction & Personal Exemption The standard deduction for single filers will increase to $12,950, $25,900 for married filing jointly, and $19,400 for head of household.
