Stimulus Bill Increases Deduction Amount for Most Business Meals

An often-used tax deduction for business meals was expanded by the most recent COVID-19 stimulus, passed in December and now effective in 2021.


As a result of the Tax Cuts and Jobs Act, passed in December 2017, the deduction for business meals that otherwise met the general requirements for deduction was limited to 50% of the cost of the meal.


Read the full article here.

0 views0 comments

Recent Posts

See All

© Law Exchange International 2021

Web Design by

Web and Graphic Design near Grand Rapids

Contact

David Lindgren

secretary@lawexchange.org

Shakespeare House

42 Newmarket Road

Cambridge CB5 8EP

England

Connect with LEI

  • White Facebook Icon
  • White Twitter Icon
  • White LinkedIn Icon

Add on Facebook

Add on Twitter

Add on LinkedIn