No, you would not subtract your employer reimbursement from
your expense if it is included in your W-2 wages. But you will need to itemize
deductions in order to claim any employee business expenses. TurboTax Deluxe or higher can handle
this situation.
If you have records for the days that you were travelling
away from home for business, instead of keeping records of your meal expenses and deducting the actual cost,
you can generally use a standard meal allowance, which varies depending on
where you travel. The deduction for business meals is generally limited to 50%
of the unreimbursed cost. Your meals are deductible as a Miscellaneous Employee
Expense, and is reduced by 2% of your Adjusted Gross Income.
You can use the rates provided at this link to the
Federal Government’s per diem for meals and incidental expenses. You can use
the per diem tool to
calculate your expense for the year.
See Publication
463 for more information.
In TurboTax:
1.
Go to Federal
on the left side of your screen, and click on Deductions and Credits on the top of your screen.
2.
Scroll down to Employment Expenses, and start Job
Expenses for W-2 Income.
3.
Continue, answering the questions until you
reach Any Other Expenses?
4.
Enter your meals in Meals and Entertainment Expenses.
5.
Continue to the screen Reimbursements for your expenses. Say yes.
6.
Continue to answer the questions until you reach
the screen Tell us about reimbursements.
Since this was included in your W-2, leave that box blank.
7.
Continue through the section until you’re
finished.
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