A wide range of expenses can be deducted while traveling away from home.
Here are the main ones:
- Transportation fares, or actual costs (or a per mile rate) of using your own vehicle. Also, transportation costs of getting around in the work area-to and from hotels, restaurants, offices, terminals, etc.
- Lodging and meals (subject to the 50% limit on meals)
- Phone, fax, laundry, baggage handling
- Tips related to the above
Can I deduct the cost of meals on days I call on customers or clients away from my office?
Generally not. Usually, you can only deduct costs of meals when you're away from home overnight, or as part of business-related entertainment.
Even when deduction is allowed, it's only to the extent of 50% of the meals costs and related tips.
What can't be deducted as travel expenses?
The following travel expenses cannot be deducted:
- Costs of commuting between your residence and a work site, but it's a deductible business trip if your residence is your business headquarters.
- Travel as education
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