04/12/2021
Did ya know? Meal deductions have been updated for 2021-2022. Check out the post below for more details!
In order to encourage patronage to restaurants in 2021, the IRS has revised the meals deduction from 50% to 100% this year. Note that the revision only applies to meals purchased at restaurants. The IRS refers to the term restaurant as follows: "a business that prepares and sells food or beverages t...