Since 2021 meals are 100% deductible, are we just supposed to enter the meals in NOT subject to the limit? I was surprised they didn't update the 50% box.
That is where I have been putting all meals eaten/bought from a restaurant.
I believe it depends on which type of return you are doing. Really wish they would have listed 100% deductible meals at the top though.
Perhaps they decided to not change the form since this is only for 2021 for sure right now.
@mpbTaxLady wrote:
Perhaps they decided to not change the form since this is only for 2021 for sure right now.
While the 100% applies to MOST business meals, it does NOT apply to them all. So they can't totally eliminate the 50% on the form.
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.