In today's episode, we are going to talk all about how to deduct your vacation. This is one of the most common questions I get asked... How do I navigate deducting this? Should I be deducting this? Is this allowed? It's definitely a more gray area for my entrepreneur clients. But I'm here to tell you that you have the capability to deduct a lot more than you think you do. You're going to learn all about that in today's episode.

 

*Additional note/correction: When a trip is considered majority business, costs like airfare and transportation are 100% deductible but meals and lodging would still be based on the percentage of business time spent. If the trip is not majority business, the airfare and transportation to/from the destination would not be deductible. In short: it can be complicated, so meet with your CPA to plan your trip!

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.