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May 22, 2024
Question

Vacation and working

  • May 22, 2024
  • 1 reply
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How much/what can I deduct when working on vacation? And... can I deduct lunch while working away from my usual place of business?

1 reply

May 22, 2024

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