Are business lunches tax deductible?

Answer On One Hand: Internal Revenue Service RuleAccording to the Internal Revenue Service, the rule regarding deductions for meals in the course of business is as follows: "Generally, amounts paid for me... Read More »

Top Q&A For: Are business lunches tax deductible

Are business suits tax deductible?

Yes, business suits are tax deductible if they are used as a part of a work uniform. This means the suit is worn for work related activities. For example, suits purchased by a retail sales person a... Read More »

Is Disability Insurance Tax Deductible for a Business?

If you own a business, regardless of whether you're self-employed, have a small employee base or run a large corporation, there are a number of different tax deductions you can claim as business ex... Read More »

Are cellphones deductible as a business expense?

If you use your cell phone to carry out your employer's business or cell phone use is a required condition of employment, you may be able to claim a depreciation deduction from the cost of your cel... Read More »

Are tips tax-deductible for business meals?

You can includes tips as a tax deduction for your business meals, according to the Internal Revenue Service. However, you can only get a tax write-off of 50 percent on most business meals, unless y... Read More »