Are business meals still deductible?
Deducting business meals with clients is no longer so clear-cut following the passage of the Tax Cuts and Jobs Act.
That's because meals are still 50% deductible, but entertainment isn't. Make sure you make a clear distinction between entertainment and meals by keeping an expense log documenting the business purpose of each meal.
As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.
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