Hola, welcome to TNT! More than 30% or 112.5 million of American populations are expected to travel for Christmas season. Since holiday is about giving, we will give you a 4-TNT episodes regarding business travel expenses you can deduct.
For you to remember the list of deductions, we will use the acronym TRAVELS
T – ips you give to waiter, driver or commonly known as incidental expenses
R – ent for accommodation like hotel or Airbnb
A – irfare plane tickets
V – ehicle expenses whether you own or lease the car
E – ating out as long as they are non-entertainment related meals
L – audry even dry cleaning and
S – hipping of baggage, like your products or samples you needed
Just a reminder, to qualify with those deductions they should be necessary and ordinary expenses on your trade or business.