2016 IRS "per diem" Daily Rate?

At 100% was 63$ for a full day from Jan1st to Oct1st, 31.50 for partial days, haven't read anything that says they raised the rate for 2017-2018.

I've heard rumors that some of the tax programs are still only showing 59$, but that might have been my accountant trying to drum up additional customers.

 

It's $63 and OTR drivers can claim 80% of that per day that you are away from home. Scroll down to "Transportation Industry" in the link below.

http://www.journalofaccountancy.com/news/2016/sep/irs-per-diem-rates-travel-2016-2017-201615260.html

 

The new rate went into effect Oct 1 of 2015. All of 2016 is at the new rate.

http://landlinemag.com/Story.aspx?StoryID=29846#.WKBJHstMHqA

 

That $63 number sounds very familiar. I know they dropped it a few years ago, don't want them boys keeping too much of their money, but I also think it varies by state.

 

Doesn't matter what state you're in, it's a federal deduction for federal taxes. State of residence never applies to federal taxes.

 

14 threads are needed on this topic?

 

I agree... search

Here is the pub you need.

Note - in the past you normally took 80% of the standard daily rate for full days. But, I have been unable to verify this in pub 463 which is the most current IRS Pub.

Partial days are 75% of the standard daily rate. Some will say that you take 75% of the 80%, but the pub clearly states that you take 75% of the standard daily rate.

And $63 is the 2016 rate, $68 for outside the US.

Page 6, middle column.

If you disagree, then show a current pub or form so that this can be cleared up. Do not just say it is.. I called the IRS and after 45 minutes talking to the agent, she agrees, that this is the only pub that she can find that covers transportation workers.