The alternative of an allowance for daily expenses, a per diem, is permissible for meals and incidental expenses (M&IE). For sponsored program travel, the per diem arrangements may require prior ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

The IRS has announced its most recent per diem rates for taxpayers to use in substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home. The IRS has ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Katie Miller is a consumer financial services expert. She worked for almost two decades as ...