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Business Travel Deductions for 2021

October 15, 2021

Business Travel Deductions for 2021

This article discusses how under previous law, deductions for business meals were limited to 50% of the cost, but through the pandemic, that deduction was doubled to 100% for the time being if the meal was provided by a restaurant. Further, many self-employed taxpayers are trying to re-energize their business through travel, and if you are honestly keeping records of money spent, many deductions await. In fact, you can sprinkle in some pleasure during the time away from home as long as you can prove that business was the main reason for the trip. Be sure to check out this link for more information!

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