In case you hadn’t noticed, the IRS doesn’t specialize in making things easy for taxpayers.
This is especially true when it comes to figuring out business travel tax deductions.
EXAMPLE: Tax deductions for the transportation component of overnight business travel are governed by a different set of rules than the set that allows deductions for lodging and meals while travelling.
Want to learn how to claim every transportation-cost travel deduction that you are entitled to? Read my new article titled Tax Tips: How to Deduct the Transportation Component of Your Business Travel?
Three ways our fact-filled article can help you:
- You’ll get a “Business-Transportation Deduction Flow Chart.” We know the tax law concerning business-transportation cost deductions can be complicated. So we’ve simplified the subject by creating an easy-to-understand flow chart. Money-saving information will be at your fingertips when you read the full article.
- We’ll tell you how to handle trips within the United States. When you’re inside the 50 states, you can deduct the transportation costs of getting to and from your business destination by passing “the 51/49 test.” It’s really not that complicated as we’ll prove when you read the full article.
- We’ll explain the rules that cover business travel outside the U.S. Just ask yourself this question: Did I work at least one day and travel for seven days or less (excluding the day of departure)? If the answer is “yes,” you can deduct the cost of your direct-route transportation getting you to and from your foreign business destination. You’ll get all the facts when you read the full article.