Get your taxes done using TurboTax
Please follow the steps below to input meals with clients:
- Press on Tax Home from the Left Menu
- Click on Income & Expenses on the main screen and click on Work on other income
- Scroll Down and you will see a section for "Self - Employment", expand that section and press Start/Revisit
- If you have a business already showing up there, you will press Review or you will get get a series of questions which you will have to answer
- Once you answer all the informational questions, you will get a section to enter all your expenses ( see image below ). Scroll down and you will see a section for Meals and you can click on Add and enter your expenses accordingly
Keep in mind for tax years 2021 and 2022, depending on the type of meal deduction you can either get a 50% or 100% Deduction.
To be considered for 100% deduction, one of the following events should occur:
- Company parties
- Food made available to the public for free
- Meals for children at daycare facility
- For tax years 2021 and 2022, business meals if food and beverages were purchased at a restaurant.
- Other meals 100% limit expenses
