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Tax Tip Tuesday: Tip #67, Meal Deduction

April 13, 2021

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The IRS recently issued guidance on when meals qualify for 100% deduction and when the 50% limitation on the deduction for food and beverages applies.  The meals must be purchased from a restaurant selling food or beverages to retail customers for immediate consumption to qualify for the 100% deduction. 

For more information, contact Perry Barnett, CPA at (770) 287-7800 or . Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!

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