daily per diem travel rates 2016
IRS Updates 2016 Per Diem Rates for Business Travel. posted Sep 29, 2015 by Loree Dubois, CPA in the Global Tax Blog. The IRS has recently updated the per diem rates for business travel which will begin October 1, 2015- the start of fiscal year 2016.Per diem rates allow companies to document business travel expenses without having to collect receipts, monthly expense reports, and other bothersome administrative paperwork. The per diem rate for all low-cost areas within the continental U.S. has increased $13 from its prior rate and is now $185; $128 for lodging and $57 for meals and incidentals. 2  Cost of traveling between places of lodging or business, and places where employees dine out are not considered incidental expenses.