I'm a sole-proprietor and travel for my business. Rather than claim the actual expense for travel, is there a per diem rate that I can use on my taxes, for the days I'm out of tow?
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I'm a sole-proprietor and travel for my business. Rather than claim the actual expense for travel, is there a per diem rate that I can use on my taxes, for the days I'm out of tow?
There are standard per diem rates for food and MISC expenses; see link below:
Per Diem Rates
The hotel per diem rates are NOT allowed to be used in lieu of actual hotel bills.
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