Per Diem Formula:
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Definition: This calculator computes the total per diem allowance based on daily rate and number of days.
Purpose: It helps employees and employers determine travel expense reimbursements for business trips.
The calculator uses the formula:
Where:
Explanation: The daily rate is multiplied by the number of travel days to calculate the total reimbursement amount.
Details: Accurate per diem calculations ensure fair compensation for travel expenses while maintaining compliance with company policies and tax regulations.
Tips: Enter the daily rate in dollars and the number of travel days. Both values must be positive numbers.
Q1: What is the standard per diem rate for 2025?
A: Standard rates vary by location. Check GSA.gov for official rates or your company's travel policy.
Q2: Are partial days calculated differently?
A: Typically, partial travel days are either calculated at 75% of daily rate or as full days - check your policy.
Q3: Is per diem taxable income?
A: Generally no, if within federal rates and properly documented. Excess amounts may be taxable.
Q4: Can I use this for international travel?
A: Yes, but ensure you're using the correct daily rate for your destination.
Q5: Does this include lodging costs?
A: No, this calculates meal and incidental expenses only. Lodging is typically reimbursed separately.