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Can I Deduct Out of Town Travel?If you must travel overnight to another area for business, your reasonable expenses for travel, lodging and meals (the latter subject to the 50% limitation) are generally deductible.You cannot deduct the additional costs of having your spouse or family members accompany you on a business trip, unless they are also your employee and their presence has a legitimate business reason other than their being your companion. For further information, including information about a per-diem meal rate you may be able to use in lieu of your actual expenses for meals and incidental expenses, see IRS Publication 463. |
Disclaimer Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein. Copyright © 2017
Wink Tax Services / Wink Inc.
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