Is meals and entertainment irs a business expense?

Business meals are deductible at 50% if they are ordinary, necessary, and directly related to or associated with the active conduct of your business. This includes meals with clients, customers, or employees where business discussions occur. Entertainment expenses, however, are generally not deductible following the Tax Cuts and Jobs Act of 2017. Exceptions include meals provided at an entertainment event, but only if billed separately. For example, a meal expense during a business meeting at a restaurant is deductible, but the cost of attending a concert with a client is not. Special rules apply for meals during travel, which must be away from the taxpayer's tax home and require an overnight stay.