Here's a useful table that recaps the type of meal and/or entertainment expense covered and to what extent it is tax deductible in 2022:
|
Type of Expense |
Deduction |
|
Entertaining clients (concert tickets, golf
games, etc.) |
0% deductible |
|
Business meals with clients |
50% deductible (100% if purchased from a
restaurant) |
|
Office snacks and meals |
50% deductible (100% if purchased from a
restaurant) |
|
Company-wide party |
100% deductible |
|
Meals & entertainment (included in employee
compensation) |
100% deductible |
