The 100% business meal deduction that went into effect January 1, 2021 remains in effect for 2022. To take advantage of the full deduction, business meals or meal-related expenses MUST BE purchased from restaurants with the business owner or an employee present.
Certain non-restaurant meal expenses may be deducted at 50% and most entertainment expenses are NOT deductible.
Have questions? The BSB Tax Team is here to help.
