New Per Diem Rates
The IRS released Notice 2021-52 announcing the new Special Per Diem Rates for 2021-2022. Among other things, the special Meals & Incidental Expense (M&IE) rates for the Transportation Industry have increased to $69 per day from the current $66 per day for travel anywhere in the continental United States (CONUS). For travel outside the continental United States (OCONUS), the rates have increased to $74 per day from the current $71 per day.
The new rates are effective October 1, 2021. Notice 2021-52 can be accessed here.
Content Disclaimer: Due to the constantly changing nature of government regulations, it is impossible to guarantee the total and absolute accuracy of the material contained herein or presented. NorthAmerican Transportation Association (NTA) cannot and does not assume any responsibility for omissions, errors, misprinting or ambiguity contained. NTA shall not be held liable in any degree for any loss, damage or injury caused by any such omission, error, misprinting or ambiguity present. It is made available with the understanding that NTA is not engaged in rendering legal, accounting or other professional service. If legal advice or other expert service is required, the services of such a professional should be sought.
Enjoy Our Articles?
Share this with others
Our mission is two fold. First, to provide the independent trucker and small private fleets with the tools needed to survive and succeed as small business owners and Second, to help the motor carrier maintain the necessary relationship required by the IRS and still make available a wide array of services their independent contractors would not otherwise be eligible for.
Navigation
over 2,000 BBB inquires in the last 12 months
