Monthly Archives: June 2016

Receipt not needed for travel expenses other than lodging that are under $75 per expenditure.

If a travel expense is less than $75, the IRS does not require that it be documented with a receipt to be deductible unless it is for lodging. If a travel expense is for lodging, then it must be substantiated … Continue reading

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Per diem rates for meals & incidental expenses and lodging

The IRS permits the use of per diem rates for meals and incidental expenses and a separate rate for lodging for the deduction of travel expenses. The amount of the rates depends upon the location that is traveled to. As … Continue reading

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