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New Member
posted Jan 26, 2021 2:27:39 PM

The FTB stated that business meals for 2020 are 100% not 50% Turbo Tax is showing 50%

Can anyone confirm this?

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1 Replies
Expert Alumni
Jan 26, 2021 2:45:29 PM

Business meals remain deductible at 50% for tax year 2020.

 

For 2021 and 2022, they are deductible at 100% as long as the expense is for food and beverage provided by a restaurant.