Tag: Per diem rates

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.

For the fiscal year 2025, the standard Continental U.S. (CONUS) meals and incidental expenses (M&IE) portion of the federal per diem rate is $68 per day for most locations. The federal standard meal allowance is a simplified way to reimburse employees for travel expenses without requiring them to track and submit individual receipts for every meal.