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2023 Business Meal Deduction Updates
In this episode of the Jeff Trapp Podcast, Jeff discusses how the Meal & Entertainment Deduction has changed for 2023. As of this year, the Meal and Entertainment Deduction is no longer 100% deductible. Instead, these types of deductions are limited to 50%. Additionally, entertainment is no longer deductible. Nevertheless, you may still be able to deduct 100% of your meals in certain cases. Therefore, Jeff will explain the meal deduction for 2023 and provide examples of how you can get bigger deductions from certain meal expenses. He’ll also provide some important caveats to avoiding getting…
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