Meals and incidental (M&I) expenses during travel can be entered as a total in the 50% deductible meals category. Instead of actual costs you can enter the federal M&I rate for your travel location. Whether entered as actual costs or using the standard allowance both are subject to the 50% deduction.
Here is a link for M&I rates. The most common is $59/day.
Meals subject to the 50% limitation are:
- Meals during business travel
- Meals while conducting business
- Meals at a seminar or conference
- Office snacks
Meals not limited are:
- Meals for children at daycare facility
- Meal expenses for a company picnic or holiday party
- Food made available to the public for free
- Company parties
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
