Tag Archives: business travel deductions

You’ve traveled for business, and now it is time to figure out your business travel deductions. What is “ordinary and necessary” and can be deducted on your business tax return? Transportation Flight, train, and car travel to and from the convention or meeting is deductible. Travel by boat, such as an ocean liner or cruise ship, has a daily limit of twice the highest federal per diem rate allowable. Cabs are also deductible to and from the airport and conference or meeting. Lodging Hotel costs for days that you attended the conference and reasonable stays before and after are deductible. … Click to Read More

If you’ve traveled for a conference or visited a client, what can you deduct as costs for your business? Here are some tips to help you separate your personal and business travel expenses, so your business tax preparation will not be hampered by what to count. The purpose of the trip must be primarily business oriented. You may do non-business activities such as sightseeing while on trip, but the main focus must the primary reason for travel. For conferences, travel within North America is deductible if it can be shown that your directly attendance benefits your business. There are special … Click to Read More