Sunday, February 26, 2017
Business Travel Meals
The IRS only allows a 50% deduction for meals associated with business travel. This includes food, beverage, tax, and tip. However if you get reimbursed for the meals by a client or your employer through an invoice where you specifically bill for the meals or an expense report where you account for the meals, then the meals are not subject to the 50% deduction. The 50% limit will only apply to the final payer of the expenses. If your expenses were reimbursed then they cannot also be deducted.
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