If you’re a business owner or an independent contractor, before traveling for business, be sure you know what’s tax deductible. To qualify, travel must take you away from home or your main place of work for business reasons, and the demands of the work must be such that you have to sleep away from home. The expenses must be ordinary and necessary, not lavish. Deductible expenses include travel by plane, train, bus or car, as well as fares for work-related taxi rides while away. Also included are lodging, 50% of meal expenses, business communication costs and tips paid for business-related services. Keep good records to support deductions. For more from the IRS: https://bit.ly/4qw1F0Q
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