Business Travel Basics

When traveling for business, it's important to distinguish between travel "away from home" and local transportation.

This video will help you make that distinction and show you the types of business travel expenses you can deduct from business income and which types can't.

To get a more in-depth look at the concept of "tax home," click here:    • What is your "Tax Home?"  

To learn more about what meal expenses can be deducted, click here:    • Deducting Business Meal Expenses  

ADDITIONAL RESOURCES AND INFORMATION:

IRS Publication 463: "Travel, Entertainment, Gift, and Car Expenses": https://www.irs.gov/pub/irs-pdf/p463.pdf
(This is really the best and most comprehensive resource on this topic; most of the other articles and the subject are short blogs, that don't go into very much detail.)

Investopedia: "Tax Home: What it is, How it Works, Examples and FAQs": https://www.investopedia.com/terms/t/...

Investopedia: "Travel Expenses Definition and Tax Deductible Categories": https://www.investopedia.com/terms/t/...


The Tax Geek on the Site Formerly Known as Twitter: www.x.com@taxgeekusa

The Tax Geek on Reddit: www.reddit.com/r/askataxgeek

Image and footage credits:
Storyblocks.com

The image of "Wendell" was generated by thispersondoesnotexist (Stability.ai). Other images created by AI are noted in the video. Any resemblance between the persons pictured in these images and any person, living or dead, is incidental and not intended.

NO OTHER ARTIFICIAL INTELLIGENCE WAS USED TO WRITE, EDIT, ANIMATE, VOICE, OR EDIT THIS VIDEO

Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Creator Music

Outro Music: "Modern Attempt" - Track Tribe under license from YouTube Creator Music

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional.