You can deduct 100% of meals that were purchased from a restaurant for 2022. Non-restaurant meal expense is deductible at 50%.
Typically, you can deduct travel expenses if they are ordinary (common and accepted in your industry) and necessary (helpful and appropriate for your business).
• You can deduct business travel expenses when you are away from both your home and the location of your main place of business (tax home).
• Deductible expenses include transportation, baggage fees, car rentals, taxis and shuttles, lodging, tips, and fees.
• You can also deduct 50% of either the actual cost of meals or the standard meal allowance, which is based on the federal meals and incidental expense per diem rate.
This allowance is based on the federal meals and incidental expense per diem rate that depends on where and when you travel.
Generally, you can deduct 50% of the cost of meals. For tax years 2021 and 2022 only, you can deduct the full cost of business-related food and beverages purchased from a restaurant.
See this TurboTax article and this IRS webpage (Schedule C instructions) for more information.
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