The IRS has issued Notice 2016-79, which provides the 2017 standard mileage rates for business, charitable, medical or moving expense purposes, and the maximum standard automobile cost used to compute the allowance under a fixed and variable rate (FAVR) plan.
The IRS has issued Notice 2016-58 listing the 2016-2017 optional 'high-low' federal per diem rates an employer may use to reimburse expenses incurred by employees who travel on business to locations within the Continental US, and the 'special' federal meals and incidental expenses (M&IE) per diem rates that apply to the transportation industry and the incidental-expenses-only rate.
The General Services Administration (GSA) has announced the per diem rates that apply to the lower 48 Continental United States (CONUS) for the federal government's fiscal year 2017, which begins October 1, 2016.
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News: Payroll tax laws affecting employee business travel expenses.
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