Travel Expenses For Business Conventions

If you attend a business convention in another part of the country are your travel expenses deductible? This is a common question from those who travel for business. The answer depends on facts and circumstances, but here are some things to consider:

  • Can you demonstrate that the convention was related to your business? If not, no deduction.
  • Was the trip primarily personal (for example, combined with a vacation)? If so, the costs of getting to the convention are not deductible.
  • Did you travel alone or with someone else? Travel expenses for a person that does not have a business reason for being there are not deductible.
  • Are the costs excessive? The IRS will not allow a deduction for items that are “lavish” or “extravagant ”.

Deductible expenses include not only airfare and transportation, but also the cost of hotels, dining and entertainment. Meals and entertainment must be reported separately from travel, because meals and entertainment are only 50% deductible.

For more information, contact our office.

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