Per diem rates would be entered on Schedule C, Lines 24a and 24b for travel and meal expenses.
To enter the Per Diem rates for Federal Schedule C into the TaxAct program:
- From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
- Click Business Income to expand the category and then click Business income or loss from a sole proprietorship
- Click +Add Federal Schedule C to create a new copy of the schedule or Review review a schedule already created
- Enter the expenses on the screen titled Business Income - Meals and Entertainment
Generally, taxpayers may deduct 50% of business meal and entertainment expenses. If the taxpayer is subject to the Department of Transportation (DOT) hours of service limits, the percentage is 80%.
You can find the current rates on the U.S. General Services Administration's website Per Diem Rates
. A searchable Excel file can be downloaded from this site to make finding the applicable rates easier.