Deductions & credits

@Vanessa A thanks for your reply.

 

on Contract 2...

 

Say I eat in NYC 3 meals, which has an allowance of $79. Can I deduct $79 minus the $25 paid by contract?

 

Also...in my line of work (1099 full time travel) it's my understand that for '22 (and '21, oops) I can deduct 100% of the M&IE cost (ie, 100% of $79 for a day spend in NYC). But in '23, it's back to normal, I can only deduct 50% of $79 when I visit NYC this year, etc, yeah?

 

Thanks again!