2006-09-25 07:37:33 · 7 answers · asked by freebirdat2002 2 in Business & Finance ➔ Taxes ➔ United States
He is a union worker he travels. Like out of town where he is staying away from home, we do not own our own business. He works for a company that dose not pay expenses. I was just told that there was a food allowance and was not sure about it.
2006-09-25 10:20:13 · update #1
there is a "per diem" that you can claim for out of town travel on business. The amount will depend on the town in which he is travelling to. The IRS website will have the publication you would need. The down side to this is that the travel is claim on form 2106 which flows to the schedule A as a miscellaneous itemized deduction subject to the 2% of your AGI limitation. Huh? Say your adjusted gross income is 50,000 and your travel per diem comes up to 7,800 (30 x 280 days), you would only get to deduct 6,800. (50,000 x 2% = 1,000. 7,800 - 1,000 = 6,800. If your standard deduciton is greater than this plus any other itemized deducitons, it would be a lost expense.
2006-09-26 06:13:06 · answer #1 · answered by extra_37 4 · 0⤊ 0⤋
You can use per diem rates as unreimbursed employee expense. The rates vary by location. You find the rate for the area(s) in which the work was performed and determine what you would be allowed. It is best to consult with a tax professional regarding this issue it could safe you hundreds of dollars in taxes.
http://www.irs.gov/pub/irs-pdf/p1542.pdf
2006-09-25 18:00:01 · answer #2 · answered by ? 6 · 0⤊ 0⤋
No, no and NO! Sometimes, small business owners can take a meal expense if they pay for CLIENTS meals. Which are considered business meals.
I think the 30 dollars a day is coming from truck drivers. They get that much to spend on their daily meals.
2006-09-25 15:03:17 · answer #3 · answered by Fool in the Rain 6 · 0⤊ 0⤋
You can claim food expenses if your job took you out of town where you couldn't go home and get food.
2006-09-25 15:33:39 · answer #4 · answered by Medical and Business Information 5 · 0⤊ 0⤋
You cant claim a deduction for your own food nomatter what, you can only claim for food bought for others if it is involved with a business meeting. Sorry :(
2006-09-25 14:43:35 · answer #5 · answered by manx4080 3 · 1⤊ 0⤋
You can deduct all kinds of things, as long as it is on the job, entertainment for co-workers, bosses, clients.
Food, fuel and lodging are common. Remember that doctors deduct their "Club Med" stuff.
You probably have a home-office. If you do, you can deduct based on the proportion, out of your total square-footage, devoted to the office.
A tax-advisor can set you straight quickly and inexpensively.
2006-09-25 14:47:43 · answer #6 · answered by Ren Hoek 5 · 0⤊ 2⤋
depends if your away from home or not.
2006-09-25 14:42:20 · answer #7 · answered by yubuggin? 2 · 0⤊ 1⤋