You might be able to write off your next meal!
Business meals in 2021 and 2022 are 100% tax deductible.
In the past the deduction has been 50%, meaning if your meal was $100, only $50 would be deductible on your tax return.
Until December 31, 2022, business meals will be 100% deductible, meaning, if you spend $100 on a business meal, you can deduct the full $100 on your tax return.
A meal qualifies if the purpose is business related, and you pay the table's bill.
Who are you taking out to eat next?