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Helicopter View of Meals and Entertainment (2021-2022)

Have you missed partying and having business meals with your prospects, customers, and employees?

Well, get ready to start again. Soon, COVID-19 will behind us. It could be just a few short months away.

To help you get ready, check the table below for what you can do in 2021 and 2022 as the law stands now:

Amount Deductible for Tax Years 2021-2022
Description 100% 50% 0%
Restaurant Meals with Clients and Prospects X
Entertainment such as baseball and football games with Clients and Prospects X
Employee meals for the convenience of Employer, served by the in-house cafeteria X
Employee meals for a required business meeting, purchased from a restaurant X
Meal served at the chamber of commerce meeting held in a hotel meeting room X
Meal consumed in a fancy restaurant while in overnight business travel status X
A meal cooked by you in your hotel room kitchen while traveling away from home overnight X
Year-end party for Employees and Spouses X
Golf outing for Employees and Spouses X
Year-end party for Customers X
Meals made on-premises for the general public at a marketing presentation X
Team building recreational event for all employees X
Golf, theater, or football game with your best customer X
Meal with a prospective customer at the country club following your non-deductible round of golf X

Takeaways

The table in this article gives you a usable helicopter view of how the rules set various meals and entertainment tax deductions for 2021 and 2022.

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