Vacation and working

Forum|Forum|1 year ago
May 22, 2024
1 reply
0 views

How much/what can I deduct when working on vacation? And... can I deduct lunch while working away from my usual place of business?

Ask the Experts - Biz Tax - May 2024

JasonH24

If you are a W-2 employee, you can no longer claim a deduction for unreimbursed employee expenses unless you fall into one of the following categories of employment, or have certain qualified educator expenses.

Armed Forces reservists.
Qualified performing artists.
Fee-basis state or local government officials.
Employees with impairment-related work expenses.

See IRS Publication 529 - https://www.irs.gov/pub/irs-pdf/p529.pdf

If this is your own business you have more opportunities for deductions. For example, paying for Wi-fi in order to connect with the office or customers. See IRS Publication 334 for small business deductions: https://www.irs.gov/pub/irs-pdf/p334.pdf.

You may deduct meals provided they are with a current or potential business customer, client, consultant, or
similar business contact. https://www.irs.gov/pub/irs-pdf/p463.pdf