What are the tax deductions available for business travel?
An example of an AI chatbot conversation about tax deductions for business travel.
What are the tax deductions available for business travel?
You can deduct expenses like airfare, hotel stays, meals, and transportation costs related to business travel.
Are there specific limits on meal deductions?
Yes, typically you can deduct 50% of your meal expenses while traveling for business.
What documentation do I need to keep for these deductions?
It's important to keep receipts, itineraries, and any other records that support your expenses.
Can I deduct travel expenses for a conference?
Absolutely! Travel expenses for attending business conferences are generally deductible.
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