Definition. The total sum of money due for the purchase of a good or service that must be paid by the set due date. In relation to taxes, the money owed to the government when required tax amount totals a greater number than total tax payments previously made.efinition. The total sum of money due for the purchase of a good or service that must be paid by the set due date. In relation to taxes, the money owed to the government when required tax amount totals a greater number than total tax payments previously made.
The Internal Revenue Service has set the special per diem rates starting Oct. 1, 2015, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.
the per diem meals rate for government travelers is paid at a flat reimbursement rate regardless of how much is spent on meals so unlike lodging a traveler can pocket the difference if spending less than the authorized meals rateederal per diem rate increases and decreases the federal per diem rates reset every fiscal year on october 1st and rates either increase decrease or stay the same each year next fiscal year the per diem rates are currently projected to remain relatively unchanged as well