taxes






 

Question by  Sophia (24)

Do you have to claim a per-diem on your taxes?

When I travel my organization allows me to spend a certain amount a day, is this considered income for taxes?

 
+7

Answer by  Att4372 (1704)

If you report expenses and return any excess money, no tax is due. If your employer routinely lets you keep any unspent money, it's taxable.

 
+7

Answer by  Vladimir (459)

If you are paid a per-diem travel allowance, and it exceeds the amount you spent out of pocket on the business trip, you are liable for taxes on that amount.

 
+6

Answer by  Att4372 (1704)

If you have to report expenses to your organization, you do NOT report it to the IRS. If not reported, it's declared and actual expensed deducted on your tax return.

 
+6

Answer by  patti (29325)

If you are required to produce receipts for your expenses, it is not income and not claimed as income. If it is income, it will be included in your W-2.

 
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