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Business meals in 2021 & 2022 are 100% deductible:


The new Congressional stimulus bill has lots of updates, but one of the most exciting updates is that business meals are 100% tax deductible for 2021 and 2022.


In the past, the deduction has been 50%, meaning if the meal was $100, only $50 would be deductible on your annual return.


From January 1, 2021 through December 31, 2022, business meals will be 100% tax deductible, meaning, if you spend $100 on a business meal, you can deduct the full $100 on your annual return.


A meal qualifies if the purpose is business related, and you pay the table’s bill.


Feel free to reach out with any questions.

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