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2 Copyright Â© 2014 Deloitte Development LLC. All rights reserved Agenda Tax Deductibility of Travel, Meals and Entertainment ExpensesDocumentation RequirementsPotential for Income Inclusion with Regard to EmployeesCurrent IRS Examination Trends Q&A.
MUST be removed before printing. travel or business entertainment. Chapter 2 dis-Travel Expenses cusses the 50% Limit in more detail, and chapter6 discusses accountable and nonaccountableThis chart summarizes expenses you can deduct when you travel away from your homeplans.for business purposes. (See publication 17 for definition of tax home) IF you have Actual Cost expenses for... THEN you can deduct the cost of...transportation travel by airplane, train, bus, or car between your home and yourYou can use the actual cost of your meals tobusiness destination.