These Are Only 50% Tax Deductible

Let's talk taxes again today.

Did you know that meals are only 50% deductible? And you have to pay for everyone at your meal. So if you're just rolling up to McDonalds after a long day, that's not deductible. Sorry to break it to you. And the reason is because you have to eat anyway, regardless of business.

Now, JT and I have gone out to lunch with clients and when there's three or four of us going over his taxes and business, that definitely is a legit business meal. 

Or when we travel to conferences, the meals in the airport, at the hotel, etc etc are all business meals since you're traveling.

I know, I know, fun stuff amirite!

Here's JT explaining a little more in depth, https://www.instagram.com/p/C8yaCxnsGrW/