Checkmark iconCan I Write This Off?

Can I write off meals?

TL;DR

Yes, you can write off meals under certain conditions, primarily if they are business-related.

Detailed Answer

Meals can be written off as a tax deduction if they are business-related. This includes meals during business travel, meals with clients or potential clients where business is discussed, and meals at a conference or other business event. However, only 50% of the cost of the meal can be deducted. The meal cannot be lavish or extravagant under the circumstances, and the taxpayer or an employee of the taxpayer must be present at the meal. For example, if you are a freelancer and you take a client out to lunch to discuss a project, you can deduct 50% of the cost of that meal. However, if you simply go out to lunch for personal reasons, that meal is not deductible.

Where to Put It on the Tax Form

Schedule C, Line 24b

Real World Example

A freelance consultant takes a client out to lunch to discuss a project. The consultant pays $100 for the meal. The consultant can deduct $50 (50% of the meal cost) on their tax return.

Calculation Required

A calculation is required for this deduction.

To calculate the deduction, add up the total cost of all deductible meals for the year, then multiply by 50%. This is the amount that can be deducted.

Audit Risk & Documentation Tips

Keep detailed records of each meal, including the date, amount, place, business purpose, and attendees. Receipts are required for meals over $75. The IRS may disallow the deduction if the meal appears to be personal or extravagant.

IRS Reference

IRS Publication 463, Travel, Gift, and Car Expenses

Relevant Industries

FreelancersSmall BusinessSalesConsultants

Popular Related Pages

Related Questions

Disclaimer: This is for informational purposes only and should not be construed as tax or legal advice. Always consult your tax advisor.

Page created on July 7, 2025

Back to Search