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Can You Deduct a Good Time?

Wouldn’t it be great to be able to take a tax deduction for your vacation? Combine vacation with a business trip and maybe you can. But, for expenses to be tax deductible, they must meet certain requirements. It’s a good idea to know what those requirements are before you plan your travel.

Add It on
If the primary purpose of your trip is business, you can deduct the cost of your transportation to and from your destination, even when you’ve tacked on a few vacation days. However, with certain exceptions, you’ll be able to deduct food and lodging costs only for days you actually spend on business.

Bring the Crew
While you can’t deduct food, lodging, or airfare for your family, you’re still entitled to your own write-offs for a trip that combines business and pleasure. That includes the single-occupancy rate for lodging on days when you’re conducting business. And, if you travel by car, you can deduct the full cost of transportation, just as you would if you were traveling alone.