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PURPOSE. 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. while traveling away from home, specifically (1) the special transportation industry meal.
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.
12 lis 2021 · The 2022 trucker per diem rates and tax brackets have been released. For taxpayers in the transportation industry the per diem rate increased to $69 for for any locality of travel in the continental United States (CONUS) and $74 for any locality of travel outside the continental United States (OCONUS).
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 ...
26 wrz 2023 · The key federal per diem rate for transportation companies will be unchanged in the federal fiscal year that begins Sunday. However, the “high-low substantiation” per diem is rising, though truckers’ use of that deduction is thought to be relatively rare.
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.
