Are meals and entertainment expenses tax deductible?
Resources & Tax News

In 2017, the IRS generally eliminated deductions for expenses considered to be entertainment and recreation. Business meals are still 50% deductible if the meal:  (1) takes place between a business owner or employee and a current or prospective client; (2) is not lavish or extravagant under the circumstances; and (3) the taxpayer has a reasonable expectation of deriving income or other specific trade or business benefit from the encounter.

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