You know you can deduct the costs of business travel.
What you may not know is that if you follow IRS rules, you can travel by cruise ship and still claim a hefty tax deduction!
But you have to know how to play the game. Which is why I invite you to take my short “Cruise Ship Tax-IQ Quiz.” It’s a fun way to learn more about a little-known section of the tax code that can mean smooth sailing for you!
You’ll get all the facts when you read my new, free article titled Tax Tips: Test Your Tax IQ: Tax-Deductible Cruise Ship Travel.
Three ways our fact-filled article can help you:
- We’ll explain the IRS’s “luxury water limits.” If you travel by cruise ship for business purposes there’s a daily limit on how much you can deduct. You’ll find out exactly what that limit is when you read the full article.
- You’ll learn how to handle Uncle Sam’s “meal separation rule.” Good news! If your cruise-ship fare doesn’t break out the costs of meals and entertainment, you can deduct 100% of your cruise-ship fare up to the amount of the daily limits. You’ll get the whole story when you read the full article.
- We’ll tell you why the length of your trip matters. Foreign travel rules work in your favor but the law is tricky and you need to know the relevant regulations. Before you pack your bags, read the full article.