Are you a business owner or self-employed and planning a business trip this summer? As long as the primary purpose of the trip is business, you may be able to deduct certain travel costs even if you add some vacation time. Deductible expenses may include your entire airfare as well as lodging costs, local transportation and 50% of the cost of meals for the business portion of the trip. Personal expenses — such as sightseeing, extra hotel nights, local transportation and meals on nonbusiness days, and costs for family members — generally aren’t deductible. Before mixing business with leisure, contact us to help maximize deductions and avoid missteps.
