Category: Expense management

According to the U.S. General Services Administration (GSA), per diem rates for meal and incidental expenses (M&IE) apply to federal employees, but also serve as a benchmark for many private companies. Understanding the specific limitations of these policies, especially concerning second meals, is crucial for proper expense reporting.

According to IRS Publication 463, meals can be deducted when traveling away from home for business, provided they are not lavish or extravagant. Therefore, understanding what constitutes a reimbursable breakfast is crucial for employees and employers navigating expense policies and tax regulations.