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Self employed
Great question!
Qualified business meals purchased from a restaurant in 2021 and 2022 are 100% deductible. However, for purchases made in 2023 and beyond, the rules established in the Tax Cuts and Jobs Act apply, which means restaurant expenses are once again subject to the 50% limit on deductibility.
Unless of course, the law changes, again.
Best wishes,
teri
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‎August 30, 2023
3:05 PM
1,930 Views