Deducting Business Meal and Entertainment Expenses Today
Do you know the current rules for claiming tax deductions for business meals and entertainment? Whether you're wining and dining a prospective customer or taking an employee to lunch, you might be confused about what's deductible—and you're not alone. The federal income tax treatment of meals and entertainment expenses has been a moving target in recent years, and the rules have changed somewhat under the One Big Beautiful Bill Act (OBBBA).