You Can Still Deduct a Client's Meal on a Night Out, IRS Says
- Agency clarifies changes to entertainment deduction in tax law
- Tax law’s wording had spurred confusion over meal write-offs
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The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year -- write-offs for wining and dining clients.
The agency companies can still deduct 50 percent of meals while entertaining clients and customers, clearing up confusion about whether tax law changes last year had completely eliminated that benefit.