Yes, that is correct. Military reservists who must travel more than 100 miles away from home and stay overnight to attend a drill or reserve meeting may be able to deduct their travel expenses as an adjustment to income. The amount of expenses that can be deducted is limited to the:
• Federal rate for per diem (for lodging, meals, and incidental expenses)
• Standard mileage rate (for car expenses) plus any parking fees, ferry fees, and/or tolls
See pages 2-3 in this IRS Publication.
The rate for the cost of operating your car for business use is 57.5 cents per mile. You will multiply the miles from your home to the drill location, if over 100 miles, times this cost per mile to arrive at your travel costs as if by car.
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