Per Diem Formula:
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Definition: This calculator estimates the total per diem allowance based on the daily rate and number of days.
Purpose: It helps business travelers, employers, and finance departments calculate travel expense allowances for 2023.
The calculator uses the formula:
Where:
Explanation: The daily rate is multiplied by the number of days to calculate the total per diem amount.
Details: Accurate per diem calculations ensure proper travel expense reimbursement and compliance with company policies or IRS guidelines.
Tips: Enter the daily rate in dollars and the number of travel days. All values must be > 0.
Q1: What are typical per diem rates for 2023?
A: Rates vary by location. Check GSA.gov for federal rates or your company's travel policy.
Q2: Are partial days counted?
A: Typically, partial travel days are counted as full days for per diem purposes.
Q3: Does this include lodging?
A: Some per diem rates include lodging and meals, while others separate them. Check your specific rate structure.
Q4: How do I find the correct rate?
A: Use the GSA per diem lookup tool for your destination city or consult your employer's travel policy.
Q5: Is per diem taxable?
A: Generally no, if it doesn't exceed federal rates and is properly accounted for. Check with a tax professional.