{"id":6822,"date":"2022-07-15T10:00:00","date_gmt":"2022-07-15T15:00:00","guid":{"rendered":"https:\/\/hoorfarlaw.com\/blog\/?p=6822"},"modified":"2022-07-12T16:54:53","modified_gmt":"2022-07-12T21:54:53","slug":"what-taxpayers-need-to-know-about-business-related-travel-deductions","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=6822","title":{"rendered":"What taxpayers need to know about business related travel deductions"},"content":{"rendered":"
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Courtesy of the Internal Revenue Service<\/figcaption><\/figure><\/div>\n\n\n

Business travel can be costly. Hotel bills, airfare or train tickets, cab fare, public transportation \u2013 it can all add up fast. The good news is business travelers may be able off-set some of those cost by claiming business travel deductions when they file their taxes.<\/p>\n\n\n\n

Here are some details about these valuable deductions that all business travels should know<\/strong>.
Business travel deductions are available when employees must travel away from their tax home<\/a> or main place of work<\/a> for business reasons. The travel period must be substantially longer than an ordinary day’s work and a need for sleep or rest to meet the demands the work while away.<\/p>\n\n\n\n

Travel expenses<\/a> must be ordinary and necessary. They can\u2019t be lavish, extravagant or for personal purposes.<\/p>\n\n\n\n

Employers can deduct travel expenses paid or incurred during a temporary work assignment<\/a> if the assignment length does not exceed one year.<\/p>\n\n\n\n

Travel expenses for conventions<\/a> are deductible if attendance benefits the business and there are special rules for conventions held outside North America<\/a>.<\/p>\n\n\n\n

Deductible travel expenses while away from home include the costs of:<\/p>\n\n\n\n

\u2022 Travel by airplane, train, bus or car between your home and your business destination.
\u2022 Fares for taxis or other types of transportation between an airport or train station to a hotel, from a hotel to a work location.
\u2022 Shipping of baggage and sample or display material between regular and temporary work locations.
\u2022 Using a personally owned car for business which can include an increase in mileage rates<\/a>.
\u2022 Lodging and non-entertainment-related meals<\/a>.
\u2022 Dry cleaning and laundry.
\u2022 Business calls and communication.
\u2022 Tips paid for services related to any of these expenses.
\u2022 Other similar ordinary and necessary expenses related to the business travel.<\/p>\n\n\n\n

Self-employed or farmers with travel deductions<\/strong><\/p>\n\n\n\n

\u2022 Those who are self-employed can deduct travel expenses on Schedule C ,Form 1040, Profit or Loss From Business, Sole Proprietorship<\/a>.
\u2022 Farmers can use Schedule F, Form 1040, Profit or Loss From Farming<\/a>.<\/p>\n\n\n\n

Travel deductions for the National Guard or military reserves<\/strong>
National Guard or military reserve servicemembers can claim a deduction for unreimbursed travel expenses paid during the performance of their duty<\/a>.<\/p>\n\n\n\n

Recordkeeping<\/strong>
Well-organized records<\/a> make it easier to prepare a tax return. Keep records, such as receipts, canceled checks, and other documents that support a deduction.<\/p>\n\n\n\n

Need tax assistance? Call our office at 816-524-4949 or click here<\/a> to schedule a consultation.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Business travel can be costly. Hotel bills, airfare or train tickets, cab fare, public transportation \u2013 it can all add up fast. The good news is business travelers may be able off-set some of those cost by claiming business travel … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[],"class_list":["post-6822","post","type-post","status-publish","format-standard","hentry","category-general","category-taxation"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6822"}],"version-history":[{"count":2,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6822\/revisions"}],"predecessor-version":[{"id":6824,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6822\/revisions\/6824"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}