What is the maximum allowance per day I can pay to my employees for incidental business expense?
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Instead of employees submitting expense report, I want to give them an allowance per day that they can use to spend on M&IE( Meals and Incidental Expenses). How much maximum I can pay without IRS treating this allowance as taxable in the hands of the employee?
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Answer:
You can pay them the amount the federal government pays to employees who are on the road on official business. http://www.gsa.gov/Portal/gsa/ep/contentView.do?programId=9704&channelId=-15943&ooid=16365&contentId=17943&pageTypeId=8203&contentType=GSA_BASIC&programPage=%252Fep%252Fprogram%252FgsaBasic.jsp&P=MTT
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