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Level 3
posted Feb 25, 2020 12:25:03 PM

Can I deduct my lunch expenses on a work day if I am self-employed?

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1 Replies
Expert Alumni
Feb 25, 2020 12:43:14 PM

Self-employed people can deduct an expense if it is necessary for business.

 

An ordinary meal taken during your lunch break is not deductible, unless you are on a business trip. If you've taken a prospective client or business partner to lunch to talk business, the expense is potentially deductible.

 

If deductible, the deduction is limited to 50% of the value of the meals.