Home Business Wining and dining: Business meal deductibility

Wining and dining: Business meal deductibility

business meal

Did you know that the new 2018 tax law eliminated a long-standing deduction for business entertainment expenses like tickets to shows and sporting events?

That being said, you can still deduct the meal and drink portions of the cost of attending such events, just be sure these expenses are separately stated from the cost of the entertainment. The new tax law did not change the allowance of a 50% deduction for business meals and meals while traveling for work.

To learn more about the deductibility of business meals, take some time to read this piece by Biz New Orleans.

Gigi Matthews, CPA

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The New Orleans 100