topic Im a caterer and feed staff at every event. Can I assign a value to those meals and write off the expense? If so would it be meals, misc, or supplies for the food costs? in Deductions & credits

Im a caterer and feed staff at every event. Can I assign a value to those meals and write off the expense? If so would it be meals, misc, or supplies for the food costs?

name_rank_serial — Thu, 06 Jun 2019 06:09:11 GMT

Vanessa — Thu, 06 Jun 2019 06:09:11 GMT

Yes, you can deduct the meals provided to your staff but they are now subject to the 50% meal limitation under the new tax laws.

You can use the meal cost (cost you would charge a customer) for the cost of the food.