Before traveling for business, it’s important to know what’s tax deductible. To qualify, travel must take a taxpayer away from home or the main place of work for business reasons, and the demands of the work must be such that the taxpayer must sleep away from home. The expense must be ordinary, necessary, not lavish and not for personal purposes. Deductible expenses include travel by plane, train, bus or car, as well as fares for work-related taxi rides while away. Also included are lodging, 50% of meal expenses, business communication costs and tips paid for business-related services. Keep good records to support deductions. For more from the IRS: https://bit.ly/3L6Rhcq . Contact the Cg Team with questions. © 2024
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