What is the M&IE rate?

What is the M&IE rate?

The daily Meal and Incidental Expenses (M&IE) Per Diem rate equals the meal rate for your area plus the $5 daily incidental allowance. The M&IE rate is added to your Lodging Per Diem rate to find the maximum allowable Per Diem rate.

What is the standard meal allowance for 2017?

The standard meal allowance rate for 2017 is: Breakfast $1.31, Lunch/Supper $2.46, Snack $. 73. This represents a loss of 4 cents a day if you serve a breakfast, lunch and snack, or $10.40 per child per year. The lower rate for 2017 is only one cent below the rate for 2015, so it doesn’t represent a substantial change.

How often do per diem rates change?

Per diem rates are based on average daily rate (ADR) data from the lodging industry. By law, the General Services Administration sets these rates annually. But while the ADR declined sharply due to COVID restrictions, GSA decided to freeze lodging rates at 2021 levels.

Do GSA rates include tax?

Yes, the meals and incidental expense (M&IE) rate does include taxes and tips in the rate, so travelers will not be reimbursed separately for those items.

What does M&IE cover?

The meals and incidental expenses (M&IE) category covers all meals (breakfast, lunch, and dinner), room service, laundry, dry cleaning, pressing of clothing, and fees and tips for the people who provide services, such as food servers and luggage carriers.

When can I deduct 80% of meals?

Meals expenses that are 80% deductible Expenses for food and beverages are 80% deductible if the food or beverage is consumed while away from home by workers during periods of time when they are subject to hours of service limitations imposed by the federal Department of Transportation.

What is the IRS per diem rate for 2021?

The per diem rates are $74 for travel to any high-cost location and $64 for travel to any other location within the continental U.S, in place of the rates indicated in Notice 2020-71.