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Can I deduct meals as a business expense?

Can I deduct meals as a business expense?

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For 2021 and 2022 only, businesses can deduct the full cost of business-related food and beverages purchased from a restaurant. The IRS is encouraging us to eat out! The limit is usually 50% of the cost of the meal. You cannot deduct expenses for meals that are lavish or extravagant. Use your own discretion. Reference: IRS.gov

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Keeping the Books NE isn’t just about balancing numbers or categorizing expenses. We dig deep to help clients understand what’s really happening in their business. We analyze trends, identify red flags, and give clear, actionable insights that help business owners make informed decisions with confidence.

Over the years, we’ve helped startups, growing companies, and seasoned entrepreneurs across New England take back control of their finances—without the overwhelm.

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