Brixey & Meyer Blog

    New IRS Guidelines on Business Meal Deductions

    Posted by Steve Hood on Oct 8, 2018 11:23:45 AM

    On Wednesday of last week, the IRS issued long awaited guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction under the Tax Cuts and Jobs Act.

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    Topics: Takeaways, brixey and meyer, Tax, Tax Team, tax reform, Tax updates, meal deduction, Steve Hood

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