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2019-2020 Per Diem Rates Released for Business Travel

The IRS has released the 2019-2020 special per diem rates. Taxpayers use the per diem rates to substantiate certain business expenses incurred while traveling away from home for the period October 1, 2019, to September 30, 2020.

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Insights  <  2019-2020 Per Diem Rates Released for Business Travel

The IRS has released the 2019-2020 special per diem rates. Taxpayers use the per diem rates to substantiate certain business expenses incurred while traveling away from home for the period October 1, 2019, to September 30, 2020.

The IRS has released the 2019-2020 special per diem rates. Taxpayers use the per diem rates to substantiate certain business expenses incurred while traveling away from home for the period October 1, 2019, to September 30, 2020. Notice 2018-77, I.R.B. 2018-42, 601, is superseded. 

Transportation Industry M&IE Rates 

The special meal and incidental expenses (M&IE) rates for taxpayers in the transportation industry are: 

  • $66 for any locality of travel in the continental United States (CONUS) 
  • $71 for any locality of travel outside the continental United States (OCONUS) 
  • Incidental Expenses Only Rate 
    • The rate is $5 per day for any CONUS or OCONUS travel for the incidental expenses only deduction 
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High-Low Substantiation Method 

For purposes of the high-low substantiation method, the 2019-2020 special per diem rates are: 

  • $297 for travel to any high-cost locality 
  • $200 for travel to any other locality within CONUS 

The amounts treated as paidfor meals, and the per diem rates in lieu of the rates described in Notice 2018-77 (the meal and incidental expenses only substantiation method), are: 

  • $71 for travel to any high-cost locality 
  • $60 for travel to any other locality within CONUS 

Taxpayers using the high-low method must comply with Rev. Proc. 2011-47, I.R.B. 2011-42, 520. 

 

Disclaimer: Any written tax content, comments, or advice contained in this article is limited to the matters specifically set forth herein. Such content, comments, or advice may be based on tax statutes, regulations, and administrative and judicial interpretations thereof and we have no obligation to update any content, comments or advice for retroactive or prospective changes to such authorities. This communication is not intended to address the potential application of penalties and interest, for which the taxpayer is responsible, that may be imposed for non-compliance with tax law.

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