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Temporary Tax Relief for Business Entertainment and Meal Expenses.

This act introduces temporary changes to tax rules for 2023-2024. Businesses will be able to deduct more expenses related to entertainment and business meals. This aims to support the economy and the service industry by providing greater tax deduction opportunities for entrepreneurs.
Key points
For 2023-2024, businesses can deduct entertainment expenses if directly related to their active trade or business.
Business meal expenses will be fully deductible until the end of 2024, extending current provisions.
The changes aim to encourage businesses to spend more, potentially supporting jobs in the service sector.
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Expired
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Additional Information
Print number: 117_HR_9231
Sponsor: Rep. LaHood, Darin [R-IL-18]
Process start date: 2022-10-25