Helicopter View of 2023 Meals and Entertainment
As a tax consultant, I want to provide you with the latest updates on the business meal deduction for the year 2023 and beyond.
As you may already know, there have been some significant changes to the business meal deduction for 2023 and beyond. The deduction for business meals has been reduced to 50 percent, a significant change from the previous 100 percent deduction for business meals in and from restaurants, which was applicable only for the years 2021 and 2022.
To help you better understand the current situation, see the table below:
The table above provides a valuable summary resource for you. Please take some time to review it periodically. If you have any questions or concerns, please do not hesitate to contact me or my office at (800) 81-1736.
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