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Income Tax > Tax > Deductible Travel And Entertainment Travel And Entertainment Expenses - Tax Deduction
If you travel on business or entertain clients, customers, or employees, you may be able to deduct a number of expenses. Transportation costs include the cost of work-related travel within the area of your tax home. Travel costs include transportation costs, lodging, meal, and other related expenses. Transportation costs include tickets to travel by air, train, or bus.
If you have more than one business locations or an office in your home but go into the field to transact business, you may be able to deduct local transportation cost. If you travel on business away from home, you can deduct not only the cost of transportation but also personal costs, such as food, lodging, and incidental. You must be away from your tax home for more than one day to be able to claim this deduction.
Your tax home is the entire city or general area of your regular place of business. If you have more than one business interest, then it is the location of your main business interest based on the comparative time spent in each location and the income derived from each business interest. If you do not have a regular place of business, you are considered an itinerant without any tax home.
Local transportation costs include the cost of driving and maintaining your car, including tolls and parking, or the cost of taxis, bus fare, train fare, or airfare.
Commuting cost - The cost of commuting between your home and work-place is not deductible. However, if you work at different locations, you can deduct the daily cost of traveling between your home and the other work site.
Additional Links:
Deductible Car Expense
Deductible Travel Tips
Traveling Resources
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