NEW Tax Deduction: Business Meals are 100% Deductible in 2021!
LyfeAccounting
MARCH 16, 2021
Today, we have a major update for you – business meals are now 100% deductible as of the year 2021. Yes, this big news for everyone because the old rule was that you could only deduct 50% of your business meals from your taxable income. Now, these expenses must be paid or incurred during 2021 or 2022.
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