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Return was given medium risk because of 100% deductible meals. TurboTax says tax year 2022 temporary 100% deduction from restaurants. Why is my return medium risk?

Should business meals bought in a restaurant be 50% or 100% for 2022?
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1 Best answer

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LindaS5247
Expert Alumni

Return was given medium risk because of 100% deductible meals. TurboTax says tax year 2022 temporary 100% deduction from restaurants. Why is my return medium risk?

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.


 

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1 Reply
LindaS5247
Expert Alumni

Return was given medium risk because of 100% deductible meals. TurboTax says tax year 2022 temporary 100% deduction from restaurants. Why is my return medium risk?

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.


 

**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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