Per Diem and Tax
Can anyone explain to me how taxes work with per diem? A few questions I have specifically:
-Do I have to keep track of receipts spend on M&IE throughout the year?
-If I receive non-taxable per diem, is it still withheld from my check (only to get it back when I file a return)?
-Is there a limit to non-taxable per diem per year? (I had read something indicating this was the case, but could never find a dollar value).
Pretty much if you could share anything I need to know so I don't have any surprises at the end of the year.
Thanks!