“How To Deduct Travel by Car,
Train, Plane, or Boat”
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with all the details…
If you travel for business purposes, my new article is for you.
You see, I’ll explain the complex rules that govern tax deductions for business travel by car, train, plane, or boat.
EXAMPLE: Say you are going to travel from your home
in Washington, D.C., to San Francisco for business.
Will the tax law allow you to travel to San Francisco by
car, train, plane, or boat and let you deduct certain
expenses no matter how you make the trip?
Well, the answer is “yes” but special rules apply and you better know them if you want to get all the tax breaks you’re entitled to.
Don’t miss this important information.
When you’re planning your next business trip, make sure to consider the following travel options:
Travel by car. You can deduct the business use of your car or other vehicle and also your business expenses for meals, lodging, and other essentials. Side trips for personal reasons aren’t deductible.
Train travel. Ensure your route is reasonably direct. The full cost of train tickets, whether first class or coach, is deductible.
Plane travel. You can fly in first class, in coach, by charter, or in your own plane. Side personal trips are not deductible.
Boat travel. Travel by boat is subject to daily dollar limits, which vary throughout the year. (Using a cruise ship for seminars or education typically doesn’t work because there are very few U.S.-registered ships.)
One last point.
Regardless of travel method or whether the trip combines business and leisure, or includes family members, be sure to maintain proper documentation and records. When the IRS comes calling, you’ll be glad you have them.
And finally, here’s some great advice. Before you say “Bon Voyage,”…
CLICK HERE and read my completely new article titled:
“How To Deduct Travel by Car,
Train, Plane, or Boat”