• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Steinberg Enterprises

Steinberg Enterprises, LLC

Your Financial Future is Our First Priority

  • About
  • Clients Served
    • Small Business
    • Nonprofits
    • Individuals
  • Services
    • Tax Practice Management Services
    • Tax Representation and Advocacy
    • Tax Planning
    • Accounting, Payroll, Bookkeeping
    • Management Consultant
    • Mediation Services
    • Estate Administration
    • Bankruptcy Services
    • Speaking Engagements
  • Tax Insights
    • News & Articles
    • Tax Insights Blog
    • Tax Tips Newsletter
  • Worksheets
  • Client Portal
    • Secure File Transfer
    • Pay My Bill
  • Contact

Business Deductions Update

Home / Tax Insights / Business Deductions Update

By: LSteinberg | April 1, 2021

The latest on allowable business deductions

For tax years 2021 and 2022, business meals purchased from or consumed in a restaurant have a temporary deduction of 100% (the regulations call for a 50% deduction for business meals).

The following chart provides a snapshot of allowable business deductions:

Amount deductible for tax years 2021-2022

Business Deductions

Contact our office for assistance in correctly tracking your business meal expenses to facilitate the preparation of the 2021 return.

Primary Sidebar

Search

Categories

  • Bankruptcy
  • Cannabis
  • Finance
  • identity theft
  • IRS
  • Law
  • phishing
  • Tax Fraud
  • Tax Insights
  • Taxes

Footer

Steinberg Enterprises, LLC

Your financial future is our first priority

Leonard Steinberg, EA, CMC
(609) 448-0384

119 Tunicflower Lane
West Windsor, NJ 08550

Schedule a Consultation

Get started achieving your financial goals today!

Contact us at (609) 448-0384 for a consultation

Navigation

  • Home
  • About
  • Small Business
  • Nonprofits
  • Individuals
  • Pay My Bill
  • Our Services
  • Tax Insights
  • Worksheets
  • Secure File Transfer
  • Contact

© 2020 Steinberg Enterprises, LLC | Web Services by TAG Online, Inc.

MENU
  • Home
  • About
  • Clients Served
    • Small Business
    • Nonprofits
    • Individuals
  • Services
    • Tax Practice Management Services
    • Tax Representation and Advocacy
    • Tax Planning
    • Accounting, Payroll, Bookkeeping
    • Management Consultant
    • Mediation Services
    • Estate Administration
    • Speaking Engagements
  • Tax Insights
    • Secure File Transfer
    • News & Articles
    • Tax Insights Blog
    • Tax Tips Newsletter
  • Worksheets
  • Client Portal
    • Secure File Transfer
    • Pay My Bill
  • Contact

Sign up for our emails and receive your Personal Data Diary

* indicates required