Per Diem Formula:
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Definition: This calculator computes the total per diem amount based on daily rate and number of days.
Purpose: It helps employees, contractors, and business travelers estimate their per diem expenses 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 calculation ensures proper expense reimbursement, budgeting, and IRS compliance for business travel expenses.
Tips: Enter the daily rate in dollars and the number of days. All values must be > 0.
Q1: What are typical per diem rates for 2023?
A: Federal per diem rates vary by location ($59-$166/day for meals & incidentals, plus lodging).
Q2: Are per diem payments taxable?
A: No, if within federal rates and for business travel. Excess amounts may be taxable.
Q3: Can I use this for international travel?
A: Yes, but ensure you're using the appropriate daily rate for the destination.
Q4: Does this include lodging costs?
A: This calculates total per diem based on your input rate, which may or may not include lodging.
Q5: How do I find the current per diem rates?
A: Check the GSA website for current federal per diem rates.