Credibly Logo

What Meals Are Tax Deductible For Business?

Modern,Young,Man,Working,Remotely,From,Home,At,Night.

If you have a business and you eat, you’re probably eligible for business tax deductions, at least some of the time. Credibly has four ways your meals — and your coffee — might be tax deductible.

You Put Together An Event That Includes A Meal

Let’s say you organize a day-long seminar. As part of the tuition, you furnish lunch. In that case, 100% of the cost of the meal is deductible.

The Meal Is Part Of A Sporting (Or Other Type Of Entertainment) Event

If you do business before and/or after the event, the cost of the event is deductible. The food expense is deductible as well.

You Take Out A Business Associate, Vendor, Employee, Client, Prospect, Or Other Person Associated With Your Business

This is the most common meal deduction taken, although it’s only 50%. If you spend $100 taking a prospect out to lunch, you’ll only be able to take a deduction for 50% of the cost. As with all of the other deductions, you’ll need to be able to prove the business purpose, and that you actually paid for the expense with a receipt of some kind.

You Have A Meal For Benefit Of The Business At The Business’s Location

The wording is awkward, but that’s how the IRS describes the best way to write off 100% of your meal expenses. If you have a meal at your place of business (and that could be your home office) and it’s for the benefit of the business, such as with a meeting or while you’re working at your computer, the cost is 100% deductible.

Pick up a latte and bagel and check your email. It’ll be 100% deductible! Hire a personal chef to come into your home office three days a week to make gourmet, healthy meals for your lunch meetings with your assistant, and it’s 100% deductible.

Of course, you need to have a business to get the deduction and you need to have good records that prove the meal had a business purpose and that you actually paid for the expense.

For more tax deduction tips, visit USTaxAid.com

Plan for the future with Credibly.

We recognize the unique financial needs of your business. Although we don’t provide mezzanine financing, we’re equipped to help you assess if this is the right path for you.

Our commitment is to understand your business’s potential beyond just the numbers. We’re here to offer insights and guidance—not just financing.
If you’re considering your next financial move and wondering if mezzanine financing fits your growth strategy, let’s discuss your options.

With experience supporting over 30,000 businesses, we’re prepared to help you make an informed decision.

Begin exploring your financing possibilities with Credibly today

Speak with a financing expert

Recent Posts: