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Travel and Entertainment Expense |
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Travel and entertainment expense Funds spent on business travel and entertainment that qualify for a tax deduction of 50% of the amount claimed. Travel and Entertainment Expense Money that a company or employee spends on traveling and entertainment for business purposes. Examples include expenses for hotels and meals while traveling on business. These expenses are tax deductible, depending on certain qualifications. For example, one cannot deduct entertainment considered "lavish." Some entertainment is only deductible at 50% of its value. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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