Will Business Meals Become Tax Deductible Again?

Maybe.  Nothing is certain yet, but it appears President Trump might be looking into restoring corporate tax deductions for business meals.

Under the 2017 Tax Act, deductions for many business entertainment expenses, including most, if not all, meals, were eliminated.

However, under the current coronavirus pandemic, it might work to the further detriment of restaurants to prevent these business meals from being tax deductible according to this article.

It might be helpful to both restaurants and small businesses to make these meals tax deductible once again.  Businesses may feel more incentivized to have more business lunches at restaurants.  We will be keeping an eye on this issue over the coming weeks.


If you have questions about this, or any other tax law matter, please reach out to the team at Mendes Weed, LLP, at (925) 390-3222.   We can also assist you with estate planning, probate, business formation, divorce, child custody, domestic violence, and litigation.  We are here to help you during this tough time, and our office is set up to meet with clients remotely as needed.

SuperLawyers-RisingStars
Best of the East Bay Attorneys
avvo icon for top attorney
Walnut Creek Chanber of Commerce logo
Christina Weed - Taxation Law Specialist
lawyers of distinction badge 2020

 

Phone: 925.390.3222

Fax: 925.301.8667

 

Mendes Weed, LLP is located in Walnut Creek and serves clients around the Bay Area. For your convenience, we also have offices in OAKLAND and Sacramento by appointment only.

Se habla español.

 

Send us an email

 

Walnut Creek Main Office

1990 N. California Boulevard
Suite 1020
Walnut Creek, CA 94596

 

Oakland Office

66 Franklin Street
Suite 300
Oakland, CA 94607

By appointment only.

Sacramento Office

770 L Street
Suite 950
Sacramento, CA 95814

By appointment only.