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Deductions & credits
@Gen_Joab wrote:
Thanks for clarifying. This is very helpful.
In my case, I was speaking of meals taken while traveling overnight for my Schedule C (not employee expenses), and I always use the fed. standard per diem rates, so if I'm understanding correctly, these meals would all be deducted at the 100% rate since I'm simply using the allowance amount and not actual costs, correct?
Yes, but only the meal portion, not the incidental portion.
‎February 6, 2023
3:56 PM
1,497 Views