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Can I deduct meal expenses while traveling on farm business?

 
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Can I deduct meal expenses while traveling on farm business?

Yes, you can deduct 50% of meal expenses when you are on overnight travel for farm business.

Generally, you can use the “standard meal allowance” method as an alternative to the actual cost method. It allows you to use a set amount for your daily meals and incidental expenses (M&IE), instead of keeping records of your actual costs.If you use the M&IE rate, you use 75% of the rate for travel days (first and last day of trip).


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Can I deduct meal expenses while traveling on farm business?

Yes, you can deduct 50% of meal expenses when you are on overnight travel for farm business.

Generally, you can use the “standard meal allowance” method as an alternative to the actual cost method. It allows you to use a set amount for your daily meals and incidental expenses (M&IE), instead of keeping records of your actual costs.If you use the M&IE rate, you use 75% of the rate for travel days (first and last day of trip).


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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