100% Business Meals Deduction and Per Diem Rates

Some businesses use per diem rates to substantiate the cost of business meals rather than using the actual cost of meals. For 2021 and 2022, the cost of business meals provided by restaurants are 100% deductible, rather than limited to the usual 50%. The IRS says that the 100% limit may apply for purposes of per diem rates. #IdeaoftheDay