How can I deduct the cost of food when I go to a fast food restaurant?

If you use the standard meal allowance rate, you can’t deduct the actual cost of the food. So, if one lunch at MacDonalds costs $4.00, you could only deduct the standard meal allowance rate of $2.48 (2016 rate).

If you use the actual food cost method you could deduct $4.00.

You must use either the standard meal allowance rate or the actual food cost for all meals and snacks for the year. In other words, you can’t use the standard meal allowance rate for meals eaten at home and the actual food cost for meals eaten away from home.

You can’t deduct any food that you or your own child eats at a fast food restaurant.



Categories: Ask Tom, Food Program and Food Expenses, Record Keeping & Taxes