
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.
Tax guides, deductions, and compliance for freelancers and small businesses across US, UK, Canada, and Australia.
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.