Can You Deduct Meals and Entertainment?

15 Aug 2023 · 1 min

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A short segment from Donna Genie explaining that entertainment expenses are no longer tax-deductible, while business meals can be deducted under conditions. She emphasizes that entertainment (e.g., sporting event tickets) cannot be written off, and that to deduct your own meals when away from home you must be more than 60 miles from your home base.

Questions this video answers

No — entertainment is no longer deductible in any way.

Meals can be deducted so long as they are for a business purpose.

More than 60 miles from your home base.

Chapters

Meals and entertainment is another place where I get a ton of questions from my small business owners. So let's take a minute and dive into meals and entertainment. We're going to take the easy one first. Entertainment no longer deductible in any way, shape or form. So you can't go to a sporting event and write off the cost of the tickets nor can you give those to your employees and write them off. You can only do the meals part that is associated with that. Let's talk a little bit about the fun part about meals. Let's have a good dinner, right? All right. Meals can be deducted so long as they are for a business purpose. If you are at home or near your home location, meals can be deducted. But you can't just say it's a busy day. I'm going to go have some lunch and deduct that. In order for you to deduct your own meals, you must be more than 60 miles from your home base.