IRS Per Diem Rates: How Fixed Allowances Simplify Business Travel Receipts
Per diem rates offer a simpler alternative to tracking every receipt during business travel by using fixed daily allowances set by the federal government.
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Per diem rates offer a simpler alternative to tracking every receipt during business travel by using fixed daily allowances set by the federal government.
The Qualified Business Income deduction increased from 20% to 23% under the One Big Beautiful Bill Act, now permanent for tax years beginning after December 31, 2025.