Deductions & credits


@Gen_Joab wrote:

Thanks for clarifying.   This is very helpful. 
In my case, I was speaking of meals taken while traveling overnight for my Schedule C  (not employee expenses), and I always use the fed. standard per diem rates, so if I'm understanding correctly, these meals would all be deducted at the 100% rate since I'm simply using the allowance amount and not actual costs, correct?


Yes, but only the meal portion, not the incidental portion.