Business Travel Expenses You Shouldn’t Forget to Deduct On Your Tax Return

Traveling for work can be a lot of fun. You get to meet new people, have exciting experiences, and it certainly beats being cooped up in the office all day long. But, despite how much you may enjoy traveling for business, it can get pretty pricey. If you’re truly business savvy, you’ll write off some of those travel expenses when tax season rolls around.

What business travel expenses are tax deductible? Here are some common deductions that you don’t want to overlook. Of course, we encourage you to consult your accountant in regards to your allowed business tax return deductions; here are just a few things that you may want to mention during your tax preparation.

Transportation Expenses

Whether you’re traveling by plane, bus, train or one of the elite vehicles that you ride in for your corporate ground transportation NYC, many transportation expenses that are associated with your business travel can be a deduction. The price of any tickets that you have to purchase and any vehicle that you have to rent or hire is tax deductible.

Travel Fees

Not only is the transportation that you take for your business ventures tax-deductible, but so are any fees that you have to pay while you are traveling. For example, if you’re flying, you can deduct baggage fees, or if using your computer solely for work-related purposes while you fly and you have to pay for Wi-Fi on the plane, you can deduct those fees, too.

Lodging and Meals

The IRS also allows business travelers to deduct the cost of lodging and meals from their taxes, so long as they are within reason and are not extravagant. For instance, dining at the most expensive Five Star restaurant and staying at an exclusive resort may not be deductible; but, if you are dining at a run-of-the-mill restaurant and staying in a standard hotel while you’re traveling, you can deduct those expenses.

Do keep in mind that there is a limit on meal deductions, as set forth by the IRS, which includes 50% of the cost of the meal, or 50% of a standard meal allowance.

Incidental Expenses

If you have to pay any incidental expenses on your business trips, you can deduct those, too. The IRS allows you to deduct $5 per day for incidental expense from your tax returns, which can include:

  • Fees paid to the hotel staff
  • Baggage carrier or porter fees
  • The cost of a computer rental
  • Laundry expenses

It is important to remember that any travel-related expense that you plan on deducting must be directly related to business. If you are partaking in pleasure activities while you are on a business trip – meeting with old friends for dinner, for example – you will not be able to deduct those expenses; the IRS only permits deductions for those travel expenses that are directly related to business.

Northern India Family Holiday

Tour India and visit Agra’s opulent Taj Mahal

Take the whole family on an unforgettable adventure to charismatic India, a place full of colorful characters, scrumptious cuisine and remarkable landscapes. Get the most out of this sensational subcontinent by tasting sizzling curries in Delhi, strolling through the ‘Pink City’ of Jaipur and heading deep into Ranthambhore National Park to follow the tracks of the elusive Bengal tiger. Of course, no visit to India is complete without gazing upon the Taj Mahal, an epic monument to love and one of the finest examples of Islamic architecture in the world. With plenty of cultural highlights for the adults and exciting activities for the kids, this trip is bound to excite, enchant and inspire memories to last a lifetime.

Why we love this trip

  • Act like Mowgli on the hunt for Shere Khan in your own real life version of ‘The Jungle Book’
  • Everyone’s seen a photo of the Taj Mahal, but nothing compares to seeing it in person in the glowing morning light – you’ll understand what beauty really is
  • Little can describe the feeling of nervous anticipation, of the hairs on the back of your neck standing up in hope of seeing a Bengal tiger stalk through the jungles of Ranthambore National Park
  • Experience the moving town that is an Indian train – watch the colorful landscape fly by as the chai wallah walks down the aisle singing about his tea
  • India is bursting with color, alive with people, dripping with the powerful smells of spice and incense – you’ll never forget what you smell, taste and see as you walk through the markets and bazaars

Is this trip right for you?

  • This trip involves some long bus and train rides, which can be tiresome but offer a quintessential experience of the Indian landscape and people.
  • Sleeper trains are clean and air-conditioned and a great way to travel long distances while still getting maximum time in each place. Beds are padded berths with sheets, pillow and blanket provided (although some people prefer to bring their own sleeping sheet).
  • We visit a number of temples on this trip, which requires a certain level of modesty. Please bring clothes that cover the arms and pants/skirts that go past the knees. A light scarf is also a good idea for covering shoulders and arms when it’s hot.

Get details HERE