IRS Tax Tip: Deducting Business Travel Expenses (IRC §162)

Business travelers may be able offset some of the costs of hotels, airline tickets, and other travel-related costs by claiming business travel deductions when they file their taxes, the IRS stated. Deductions for business travel are available when employees must travel away from their tax home or main place of work for business reasons, the IRS provided. The travel period must be substantially longer than an ordinary day’s work and a need for sleep or rest to meet the demands the work while away, the IRS added. Examples of deductible travel expenses include: (1) travel by airplane, train, bus or ...