May I deduct the food cost if my daycare helper and I eat a meal at a restaurant?

Yes, you can deduct 50% of the cost of the food for a business meal. You should keep the receipt, write down the name of the person you had the meal with and write down what you talked about. The primary purpose of the meal needs to be business related, so describe what you talked about in a paragraph.

Previous
Previous

I Don't Have All My Receipts! Now What?

Next
Next

A parent left owing me $250 for my child care services. Can I deduct this as a loss?