Is Business Meals Tax Deductible for Your Business?

Yes, business meals is generally tax deductible for self-employed individuals, freelancers, and small business owners. The IRS allows you to deduct ordinary and necessary business expenses, and business meals typically qualifies when used for legitimate business purposes.

Key Rules for Deducting Business Meals

Business must be discussed during or directly before/after the meal. You or an employee must be present. The meal cannot be 'lavish or extravagant.'

Requirements to Claim This Deduction

• Business must be discussed
• Taxpayer or employee must be present
• Cannot be lavish or extravagant
• Document: who attended, business relationship, topic discussed

How to Document Business Meals for Tax Purposes

Proper documentation is critical for any business deduction. For business meals, you should:

• Keep all receipts and invoices showing the amount paid
• Record the date of the expense and the business purpose
• If mixed-use, maintain a log showing business vs. personal usage
• Store records for at least 3 years (7 years for major purchases)

Source: IRC § 274(k). This information is for educational purposes only. Consult a qualified tax professional for advice specific to your situation.