2016 Standard Meal Rates

[Baby Beluga]

Just want to verify that I found the correct numbers. For year 2016 the meal rates are:

Breakfast: $1.32
Lunch: $2.48
Snack: 0.74

Is this correct?

[Blackcat31]

Just want to verify that I found the correct numbers. For year 2016 the meal rates are:

Breakfast: $1.32
Lunch: $2.48
Snack: 0.74

Is this correct?

Yes and no.... The reimbursement rates aren't necessarily by year (Jan to Jan) but instead are from July 1, 2015 to June 30, 2016

http://tomcopelandblog.com/2015-2016-food-program-reimbursement-rates-announced

[Baby Beluga]

Yes and no.... The reimbursement rates aren't necessarily by year (Jan to Jan) but instead are from July 1, 2015 to June 30, 2016

http://tomcopelandblog.com/2015-2016...ates-announced

Thank you, BC!

I am not on the food program and use the standard meal allowance (I realize y wording above was incorrect). If I am reading Tom's Blog correctly I use the Tier 1 rates for the entire year of 2016, right?

"If you use the Standard Meal Allowance Rate to calculate your food expenses, you will use the Tier I rate in effect at the beginning of the calendar year. Therefore, use the above Tier I rates for you 2016 taxes."

[Blackcat31]

Thank you, BC!

I am not on the food program and use the standard meal allowance (I realize y wording above was incorrect). If I am reading Tom's Blog correctly I use the Tier 1 rates for the entire year of 2016, right?

"If you use the Standard Meal Allowance Rate to calculate your food expenses, you will use the Tier I rate in effect at the beginning of the calendar year. Therefore, use the above Tier I rates for you 2016 taxes."

That's exactly how I interpreted it as well. Use those amounts for the entire 2016 year.

[Baby Beluga]

That's exactly how I interpreted it as well. Use those amounts for the entire 2016 year.

Thank you!

[TomCopeland]

standard meal deduction

Thank you!

Yes, use those rates to deduct food expenses for 2016. But, you want to be on the Food Program! Otherwise, you are throwing away $560-$1,180 per child per year.