A number of tax limits that affect businesses are annually indexed for inflation, and many have increased for 2022.
Tax Limits for Businesses Increase for 2023
Tag: business meal
Business Meal Deductions for 2022
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual business meal deduction of 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants in 2022 (and 2021). So,