Irs Meal Allowance 2024

Irs Meal Allowance 2024. Washington — the internal revenue service today urged business taxpayers to begin planning now to take advantage of the enhanced 100% deduction for business meals. You may deduct 50% of the total cost of a business meal.


Irs Meal Allowance 2024

Washington — the internal revenue service today urged business taxpayers to begin planning now to take advantage of the enhanced 100% deduction for business meals. The irs has released its annual update of special per diem rates for taxpayers to use in substantiating business expenses while traveling away from home.

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