I often travel for my business. Can travel expenses be used on my tax return?

Category : Business Tax
Posted On : 25th Nov 2010

 

I often travel for my business. Can travel expenses be used on my tax return?

Answer: Travel expenses are fully deductible. The only expenses related to travel that can not be taken in full are meal and entertainment expenses.

Example: A business owner travels to a trade show in Las Vegas. While in Las Vegas the business owner takes a client to a show. The airline ticket, hotel room and other traveling expenses are fully deductible. The show is only 50% deductible.

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