Business Travel Tax Deductions - What is Deductible?

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2 жыл бұрын

If you need to travel for your business, you may be able to deduct certain costs of the trip (flights, lodging, meals, etc.). However, you are ONLY allowed to deduct the business-related costs, anything personal in nature is NOT deductible.
Many taxpayers find themselves in serious trouble with the IRS when they try to deduct personal trips as business expenses.
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Пікірлер: 24

@brianroskelley8402 Жыл бұрын

Great video. Love your detailed explanations. Keep it up!

@JasonDKnott Жыл бұрын

Thank you! Glad to hear it was helpful.

@xpcodina5119 2 жыл бұрын

Thank you! Another great video

@JasonDKnott 2 жыл бұрын

Thank you!

@W1LDWESLEY 8 ай бұрын

I live in Killeen, Texas, and have a scheme of booking a temp 1 day 1099 job in Boulder, Colorado, Book a motel in Southern Colorado. Do the job for 1 day and sign up for another job across the state Wherein I could book another motel between The sights. I'll be using my personal vehicle. Most of my Temp jobs are 1099s that I could do locally. While in Colorado I could visit my aunt and Declare that as Personal. My brother had it similar. he had a job that required him to go to Colorado. between the working hours he visited our aunt.

@BC-dg8tp 2 жыл бұрын

If you travel strictly for business on a Friday thru Tuesday, can you deduct the weekend (Saturday and Sunday) expenses? Love your videos and presentations.You make taxes look so simple!

@june_bot 8 ай бұрын

thank you!

@mostlyrap4277 Жыл бұрын

Thank you for these more detailed & code/regulation based breakdowns.

@JasonDKnott Жыл бұрын

You're very welcome!

@TRVPDINERO Жыл бұрын

Great video 🎯

@JasonDKnott Жыл бұрын

Thanks!

@kao-pu-fitness Жыл бұрын

Thank you! Great video 👍 One question, what if my business cannot fill the entire day. for example, I'm a personal trainer and go to another city for a week, during the week, I can only take 4 clients each day, which is 4-5 hours.. does it count as business travel. thank you

@manuvns 11 ай бұрын

Are all flights, hotels and car expenses deductible if it’s 100% for client/customer work

@coltonturner3894 8 ай бұрын

How far does it have to be to count as travel expenses. I live about 30 minutes away from where I mainly work

@robanson32 2 жыл бұрын

What if your business really blurs the lines? For example could it be argued a pool shade business could expense all vacation related items as traveling sales visits to sell pool shades?

@Asleep 2 жыл бұрын

I'm a content creator and I am going specifically to film videos for money. So thats a write off then. If that's all I'm doing it for? I can make a GREAT argument about why it's great marketing for my company to expand

@JasonDKnott 2 жыл бұрын

Generally, yes. If you are traveling primarily for business reasons and its not a vacation, then you can deduct the travel costs as business expenses.

@jcham3 Жыл бұрын

My business partner is going on a personal trip next month to celebrate his wife’s birthday. I found out that he booked the hotel ($1,000+) and other personal outings with the company card. We run an ice cream and coffee shop. I know for a fact he will not be doing anything work related aside from a few minor things. Like you said emails and possibly working on employee schedules. How do I approach him and tell him this is wrong?

@ohplezz Жыл бұрын

I would like to start a food and travel KZfaq channel but after watching this video I’m kind of hesitant. If I’m filming for hours every day on a trip but at a location that people commonly vacation at, how can I prove it was business and not personal? Serious question.

@maritzaarbona4132 2 ай бұрын

I am staying at another city from home, but will drive to my business training destination that will be only one day. Can I deduct at least for one day even though I stay at another city.