How to Deduct Business Meals When You’re Self-Employed

In today’s episode, I’m sharing how you can deduct business meals on your taxes as a self-employed individual including what you need for your tax documentation and what’s allowable for deduction. 

 

Join me to learn the rules and guidelines for deducting business meals, the per diem meals allowance for business travel and the benefits business meals for entrepreneurs. 

 

 

Also mentioned in today’s episode: 

 

• Client meals vs. travel meals 4:05

• Why you need to keep your receipts and documentation 6:35

• Keeping a calendar for your business meals and tax documentation 9:10

• How much you can deduct for your business meals 11:50

If you enjoyed this episode, please rate, review and share it! 

Links:

 

Tracey Morgan Gallery

Rachel Meginnes

Business Travel episode

GSA per diem rate lookup (US travel)

State Department per diem rate lookup (International travel)

Free 20 Minute Course on Filing your BOI Report for LLCs: www.sunlighttax.com/llc

 

IRS Proof Your Business Deductions