Per diem travel rates updated


Notice 2014-57 provides special per diem rates for use in substantiating certain business expenses taxpayers incur when traveling away from home for Oct. 1, 2014, through Sept. 30, 2015.

The incidental-expenses-only deduction remains unchanged at $5 per day for any locality of travel.

The special meals and incidental expenses rates for taxpayers in the transportation industry remain unchanged at $59 inside and $65 outside the continental United States.

The high-low substantiation method rates are $259 for travel to any high-cost locality and $172 for travel elsewhere within the continental United States.

The notice also lists high-cost localities with rates of $216 or more.

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100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.