décembre 2021

Deduct Meals Entertainment: A Comprehensive Guide for 2024 Tax Savvy Businesses

The standard mileage rate tends to change a little annually because it's indexed to inflation. So if you take that same client to dinner and order a $100 bottle of bourbon to enjoy with the meal instead of giving them the bottle as a gift, your deduction doubles from $25 to $50—half the purchase price. And you can deduct half the cost of the meal and the tip, too. For example, textbooks and teaching...

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