CPAdirectory

Travel & Entertainment

Are The Total Amount Of My Meals And Entertainment Deductible?

While 100% is reportable, only 50% of meals and entertainment are deductible on your business expense forms. • Be sure to keep good records on who was present, the dates and times, and the reasons for the entertainment and business discussions that took place. You may not deduct costs of meals and entertainment for personal reasons while traveling. If the trip is "primarily" business, most expenses will be considered as business expenses. If the trip is "primarily" personal and you conduct some minimal business, only those costs directly related to the business you conduct may be deductible.

Note If you need professional help with "Travel & Entertainment" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.