Travel and Entertainment

If your employer is reimbursing you for your expenses, you only need to prove them to him/her. To do this, submit a written accounting to the employer and return any excess amounts. “Accountable plans” or per diem arrangements and mileage allowances are used instead of detailed accounting for the employer, if place, time, and business […]

The 2017 Tax Cuts & Jobs Act (TCJA) eliminated deductions for any expenses related to activities generally considered entertainment, amusement or recreation. See https://www.irs.gov/newsroom/irs-issues-guidance-on-tax-cuts-and-jobs-act-changes-on-business-expense-deductions-for-meals-entertainment for more information.

The travel expenses below cannot be deducted: Travel as education Looking for a new job in a different field or for a new business site The cost of transportation between your home and the work site unless your home is your business headquarters.

There is a broad range of expenses that you can deduct while traveling. The most common are as follows: Transportation fees or actual costs at a per-mile rate for using your own vehicle. The transportation costs also include getting around in the work area, commuting to and from hotels, restaurants, offices, terminals, etc. Phone, fax, […]

Because temporary work site living expenses are separate from home travel expenses, they may be deducted. An assignment that is not expected to last more than a year is considered temporary. If the assignment is for more than one year than the new area becomes your tax home and you can’t deduct expenses as away-from-home […]

Although there is no specific dollar limit, expenses should be ordinary and necessary and not over-generous.

If you are required to give back any excess reimbursement, provide your employer with a detailed expense report and meet other requirements. There is no need to report the reimbursement or to deduct the expenses on your return. Deduction limits are obligatory for your boss, not you, and the floor of 2% of AGI on […]

That is not common. Normally, you can only deduct the cost of a meal when away on a business-related trip or gone overnight.