kentster 05:31 PM 02-24-2012
This is for states outside of Hawaii and Alaska....
2011 MMK and 2011 IRS gov docs indicate the following: $1.19/$2.22/$0.66 for Breakfast/Lunch & Dinner/Snack. No big surprise
2011 (TT) indicates the following: $1.24 $2.32 $0.69 Breakfast/Lunch & Dinner/Snack
I've seen a couple of other tax websites using the newer and higher rates for 2011. Small difference but using TT rates my meal costs come out $121 higher than MMK/gov docs
Anyone concerned in using the higher rates?
Unregistered 02:21 PM 02-26-2012
I, too, was wondering. Just found a post by Mr. Copeland dated 7-21-11 that says the higher rates you listed are to be used for 2012. The lower rates (B=$1.19, L/D=$2.22, S=$.66) are to be used for 2011.
TomCopeland 05:52 PM 02-27-2012
Originally Posted by kentster:
This is for states outside of Hawaii and Alaska....
2011 MMK and 2011 IRS gov docs indicate the following: $1.19/$2.22/$0.66 for Breakfast/Lunch & Dinner/Snack. No big surprise
2011 (TT) indicates the following: $1.24 $2.32 $0.69 Breakfast/Lunch & Dinner/Snack
I've seen a couple of other tax websites using the newer and higher rates for 2011. Small difference but using TT rates my meal costs come out $121 higher than MMK/gov docs
Anyone concerned in using the higher rates?
The MMK rates are correct. The higher rates are for 2012.
kentster 09:27 PM 02-27-2012
thank you...seemed a bit odd that the IRS docs would indicate one thing and turbo tax would give another higher rate....very misleading