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Old 02-24-2012, 06:31 PM
kentster
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Default Tom/Michael....Meal Allowance 2011 - MMK vs Turbo Tax (TT)

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?
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Old 02-26-2012, 03:21 PM
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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.
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Old 02-27-2012, 06:52 PM
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TomCopeland TomCopeland is offline
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Default Meal allowance rate

Quote:
Originally Posted by kentster View Post
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.
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Old 02-27-2012, 10:27 PM
kentster
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thank you...seemed a bit odd that the IRS docs would indicate one thing and turbo tax would give another higher rate....very misleading
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