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100% meals

mpbTaxLady
Level 2

Since 2021 meals are 100% deductible, are we just supposed to enter the meals in NOT subject  to the limit?  I was surprised they didn't update the 50% box.

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5 Comments 5
RollTide68
Level 8

That is where I have been putting all meals eaten/bought from a restaurant.

Tax Man Tan
Level 4

I believe it depends on which type of return you are doing. Really wish they would have listed 100% deductible meals at the top though.

IRonMaN
Level 15

But how many ProSeries users really know which meals count as 100% deductible?


Slava Ukraini!
mpbTaxLady
Level 2

Perhaps they decided to not change the form since this is only for 2021 for sure right now.

TaxGuyBill
Level 15

@mpbTaxLady wrote:

Perhaps they decided to not change the form since this is only for 2021 for sure right now.


 

While the 100% applies to MOST business meals, it does NOT apply to them all.  So they can't totally eliminate the 50% on the form.